“The rise of e-commerce, combined with a shift in consumer preference toward dining out over shopping and with years of overbuilding, has made for distinctly unattractive economics in traditional retail.”
Take a look at the likes of Toys 鈥楻鈥� Us and you might be tempted to declare that the 鈥楻etail Apocalypse鈥� is coming for commerce. The continued closure of big box stores in recent years, however, isn鈥檛 so much about the death of retail as it is a story about legacy firms struggling to innovate in a changing economy. Greg Satell writing for the 性视界 Business Review explains.