U.S. retail is definitely not dying, but it is certainly evolving at an accelerated rate. Week by week, the brick-and-mortar retail landscape is changing rapidly—and, in some cases, belatedly—in response to shifts in how and where consumers shop. As Deborah Weinswig noted earlier in May, forward-thinking mall owners are already adapting their shopping centers to cater to changes in consumer behavior, and she predicts that three major factors will pressure them to further adjust their offerings in the next five years.
Prediction 1: One in Five Department Stores Will Close. . . more