Last year, during the height of the so-called retail apocalypse — when retail bankruptcies outpaced those during the Great Recession — all eyes turned to Amazon, the industry's favorite bogeyman. The e-tailer often became shorthand for the reasons behind retrenchment and consolidation in the industry.
And it wasn't just outsiders. In Chapter 11 filings last year, retail CEOs and chief financial officers at bankrupt companies almost universally pointed to a shift toward e-commerce and declining traffic to physical stores when explaining why they were seeking court protection from creditors. . . . more