In my previous article on retail pricing excellence, I discussed how traditional retailers are facing threats from all corners. Domestic and foreign competitors, direct-to-consumer (D-to-C) brands, and entrants from nonretail sectors are fighting for market share. Against this competitive backdrop, shifting consumer preferences, high-end expectations, and new business models are adding to the pressure. To…
Hubert Paul
While the U.S. economic outlook is looking healthy based on recent stock market gains, peering into the retail sector reveals fundamental cracks in its landscape that indicate a state of decline. This retail apocalypse has malls and stores disappearing at a disturbing rate. There have been over 7,000 closings so far in 2019, a figure which…