Thursday, December 12, 2019

Why Store Closures in 2019 Were a Sign of Efficiency, Not a Retail Apocalypse

Footwear News
U.S. retailers have announced a staggering number of store closures this year: more than 9,200 as of late November, according to Coresight Research, compared with just over 5,800 for all of 2018.

While this may seem like evidence of dire circumstances for the industry, insiders suggest it may also be a sign that retailers are finally right-sizing their brick-and-mortar fleets for the way consumers shop today, and that they are armed with better data with which to do so.. . . more