As we close in on the halfway point of 2017, we wanted to take a look at how the retail landscape is changing. Since 2016, it’s been apparent that it’s no longer business as usual for traditional stores. Facing slumping sales, the quarterly financial reports for the apparel retail sector have read like boilerplate copy, each featuring the same references to changing consumer tastes, slow mall traffic and the online sales surge. And the result of all of this turmoil has been an endless litany of store closing announcements.
While some closures are the result of bankruptcies from which retailers will re-emerge, others will ultimately succumb to the current climate. For the ones that have managed to survive, store closures have been a way for them to create liquidity, bring their fleets in line with consumer foot traffic and focus on their e-commerce businesses. No matter the reason, the exits from malls and shopping centers have created a glut of real estate in B and C locations, while A locations are flourishing with a mix of the best retail tenants and experiential business to act as a draw.
(Read more about how malls are transforming: Don’t Write That Mall Obit Yet)
See how the recent spate of closures has hit the apparel industry, in general, and specific categories, in particular.
Retailers are clamoring to redesign their loyalty programs in an effort to boost revenues as well as amass a cache of valuable consumer data.Read more
Public hearings on what’s to become of the North American Free Trade Agreement once negotiations kick off began Tuesday, and those speaking on behalf of retail held little back.Read more
Though it’s teetering somewhere between dead and alive, it seems there’s more than one way to skin a BAT.Read more
In today’s competitive sourcing arena, Peru is an ideal destination for producing high-quality apparel, given its 5,000-year history in textiles and ability to adapt to current market needs.Read more
The European Commission has fined the tech giant for promoting paid results over others in its shopping comparison service Google Shopping.Read more
Debt is making it difficult for longstanding apparel brand Eddie Bauer to transform and improve performance in the current retail environment.Read more
Womenswear is changing it up and taking a more one-style-doesn’t-fit-all approach for S/S’18.Read more