If you follow retail at all you've no doubt read multiple recent stories claiming that we are in the midst of a "retail apocalypse." Like Chicken Little, these journalists and pundits see the sky falling on physical stores and a veritable tsunami of store closings, mall foreclosures and bankruptcies. I imagine they also expect a … Continue reading The future of retail will not be evenly distributed
Last week Target became the latest retailer to report weak earnings and shrinking physical store sales. They certainly won't be the last. As more retail brands disappoint on both the top and bottom lines--and announce scores of store closings--many may conclude that brick-and-mortar retail is going they way of the horse-drawn carriage. Unfortunately this ignores the … Continue reading The fault in our stores
What if your company could never open another store? I'm not talking about relocations. I mean a truly new unit that adds top-line growth for your brand. That's pretty much the case in the US department store sector. Macy's, JC Penney, Dillard's and Sears (obviously) are closing far more full-line stores than they will open. … Continue reading No new stores ever!