Retail Closures to Outnumber Previous Year’s

Image Credit: Skynet

Curated by Paul Helmick

The retail industry faces an uptick in store closures, exceeding the figures from prior years.

This trend signals a continuing shift towards e-commerce and the need for retail adaptability.

Paul’s Perspective:

This article sheds light on the critical transformations within the retail sector, emphasizing the urgency for businesses to embrace digital changes. Understanding these market shifts is paramount for retailers looking to thrive in an increasingly digital economy.

Key Points in Article:

  • In 2017, significant retail store closures were recorded, yet 2018 is projected to surpass these numbers.
  • Evidence points to a consumer preference shift towards online shopping.
  • Retailers are urged to innovate and integrate digital strategies to remain competitive.
  • Technological advancements and digital presence are becoming vital for retail survival.

Strategic Actions:

  1. Review the extent of retail closure data from 2017.
  2. Analyze projections for store closures in 2018.
  3. Understand consumer behavior and the pivot to e-commerce.
  4. Identify strategies for retail adaptation and digital integration.

Dive deeper > Full Story:

The Bottom Line:

  • The retail industry faces an uptick in store closures in 2018, exceeding the figures from 2017.
  • This trend signals a continuing shift towards e-commerce and the need for retail adaptability.

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