The Retail Apocalypse is far from here
The Retail apocalypse is here. This is one statement that has reverberated in the retail sphere in the recent past. The high percentage of store closures from brick-and-mortar retailers, and the growing popularity of e-commerce certainly forced the layman to think no different. The general idea for long has been that offline retailers through their retail operations have tried their best to turn their fortunes around, but are now finally surrendering to the mightier e-commerce. While the massive number of store closures does provide an indication, it must be understood that not all the sector is struggling. The following facts clearly drives home the point.
Amidst all the closures, there is still fair amount of Expansion happening It’s very easy to think that it’s the end of the world for brick-and-mortar retail. Latest findings by Cushman & Wakefield reveal the number of closures is expected to reach 5000 this year. A