Storch Advisors

Retail Demise Due to Rise of the Internet and Inability to Keep Up

The demise of many retail chains is due to the rise of the internet and the inability of some retailers to keep up, says long-time retail executive Gerald Storch. “The proximate cause of the demise of chains like Charlotte Russe, Gymboree, Payless, Toys R Us, and Sears is the rise of the internet and their […]

Customers Rapidly Deserting Malls for Ecommerce, Says Former Toys ‘R’ Us CEO

CEOTrends, ecommerce, EcommerceTrends, FutureRetailNews, malls, millennials, Nordstrom, RetailConvergenceTrends, RetailMarketingPro, Storch Advisors, Toys R Us / Good To SEO

Nordstrom is the class act of the department store segment and doing everything right says Former Toys ‘R’ Us CEO, Gerald Storch. Unfortunately, that is not enough according to Storch because customers are deserting malls for ecommerce. He predicts that only top-tier malls will survive and even those will have to adapt to attract millennials.

Customers Rapidly Deserting Malls for Ecommerce, Says Former Toys ‘R’ Us CEO Read More »