Despite an economy that has enjoyed almost uninterrupted positive growth since the deep recession of the late 2000s, those who work in and around retail will be quick to tell you that it isn’t all milk and honey for the industry. Turbulence, closures and realignment are the new norm, as the industry explores new concepts and continues to evolve rapidly in response to new challenges and changing circumstances.
There is plenty of discussion and debate about the nature of those challenges. Specifically, there’s a lot of hand-wringing about the impact of online and mobile sales, and a brick-and-mortar landscape that is currently overbuilt by about 20 percent . . . more