Despite Wall Street’s pessimism, industry leaders sound downright bullish on the future of traditional retail.
What we’re seeing now, industry executives say, is a rational, albeit painful, course correction. One study from retail-research firm IHL Group found that a mere 16 chains, including RadioShack and Payless, account for nearly half of all store closings, and that there will be a net increase of more than 4,000 stores in 2017 and 5,500-plus in 2018.
While it feels like “everyone” is shopping online and retail is on its death bed, this story says it’s not as bad as what it may seem.
I may be an outlier but I still like going to the mall (on occasion) and walking around, if only for the people watching.