Retail Survival: Who Lives, Who Dies, and Why
By Elias Amash
Retailers are asking themselves, “What is the future of retail?” “How can we survive and thrive?” For the last 10 years, retail physical locations, sales and jobs have suffered, with hundreds of bankruptcies and over 7,000 store closings in 2017 alone. Despite this fact, data has also shown a net increase in retail brick & mortar openings during 2017. So, what’s the real deal and what can retailers do to save their businesses from total destruction?