10,000 stores closing in 2017...
Traditional retailing has had it rough lately, economist.com reports
In America, the pain is acute.
Chains that weren't faltering even before Amazon's ascent are now in even deeper trouble, the service wrote.
A consultancy expects 10,000 stores in America to close this year, the service added.
For more: https://www.economist.com/news/special-report/21730545-painful-metamorphoses-physical-shops-stores-are-being-hit-online-retailing?fsrc=scn/fb/te/bl/ed/storesarebeinghitbyonlineretailing
For another report, including a chart of major retailer cutbacks: http://www.businessinsider.com/the-retail-apocalypse-has-officially-descended-on-america-2017-3?utm_content=buffer77d60&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
To see how Nike plans to "focus" its traditional retailers from 30,000 to 40: http://www.businessinsider.com/nikes-stock-price-plan-to-survive-the-retail-apocalypse-2017-10
Photo: businessinsider.com.
The retail pain from store closings is acute.
Traditional retailing has had it rough lately, economist.com reports
In America, the pain is acute.
Chains that weren't faltering even before Amazon's ascent are now in even deeper trouble, the service wrote.
A consultancy expects 10,000 stores in America to close this year, the service added.
For more: https://www.economist.com/news/special-report/21730545-painful-metamorphoses-physical-shops-stores-are-being-hit-online-retailing?fsrc=scn/fb/te/bl/ed/storesarebeinghitbyonlineretailing
For another report, including a chart of major retailer cutbacks: http://www.businessinsider.com/the-retail-apocalypse-has-officially-descended-on-america-2017-3?utm_content=buffer77d60&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
To see how Nike plans to "focus" its traditional retailers from 30,000 to 40: http://www.businessinsider.com/nikes-stock-price-plan-to-survive-the-retail-apocalypse-2017-10
Photo: businessinsider.com.
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A Delightful Dictionary for Canadian English.
A Delightful Dictionary for Canadian English.
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