What began in 2016 as a handful of big but otherwise isolated bankruptcies in the teen and sporting goods retail space, accelerated in the first quarter of 2017 following a disappointing holiday. Store closures, acquisitions and shifts to online strategies followed, all of which threaten to change the face of the American mall. And analysts predict more stores will falter as they struggle under mountains of debt, fail to keep up with changing consumer buying habits and grapple with how to leverage retail space in an increasing e-commerce world.
Click through below to view a timeline of stores that have faltered, failed or found lifelines from 2016 to today.
Boston Retail Partners uncovers how retailers are trying to deliver true multichannel shopping experiences to meet the consumer demands of the future.Read more
A recent report highlights how transparent, compliant supply chains benefit all aspects of apparel businesses—though only some companies can overcome inherent challenges to reap the rewards.Read more
China is bolstering its AI fleet with robust investments, domestic talent and a desire to dominate the sector in upcoming years.Read more
The Vietnam Textile and Apparel Association has appealed to the Hanoi not to impose import tariffs on polyester fiber.Read more
Though Li & Fung has been working on its new Three-Year Plan to digitize and speed up the supply chain and its evolution to agent 2.0, the business has still hit on hard times as retail wriggles out of its old skin and into a new life.Read more
Simon believes that the mall is a boon for new brands—and its latest pop-up concept could bring consumers back to brick-and-mortar.Read more
Textile Exchange, the global non-profit that promotes the adoption of preferred fibers, integrity and standards and responsible supply networks, has released its largest preferred fibers report ever in the number of participants and areas of coverage.Read more