Fending Off The ‘Retail Apocalypse’ Through Digital Transformation
As consumers increasingly move online, traditional retailers are struggling. These technologies will help. Despite the fact that the economy is strong and American consumers are shopping in full force, traditional brick-and-mortar retailers across the United States are continuing their nosedives into bankruptcy. This so-called “retail apocalypse” began in 2016 when major retailers began shuttering their brick-and-mortar locations by the thousands. Sears has fewer than a third the number of retail stores it had ten years ago. Walmart just closed 63 Sam’s Club stores. Macy’s closed 68 stores last year and J.C. Penney closed more than 100. Payless filed for bankruptcy, and half of the malls in the U.S. areRead More →