Since its rapid expansion in the early 2000s, Forever 21 has been among the quickest and dirtiest participants in the quick-and-dirty “fast fashion” business that has come to dominate the American apparel market. Fast fashion is what it sounds like: Global behemoths such as Zara and H&M have built massive, highly efficient supply chains in …
Forever 21’s Bankruptcy Shows How Teens Outgrew Malls Read More »
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 »
The rise of ecommerce is impacting shopping malls. Traffic and sales are down significantly. 2017 has been a particularly bad year for brick-and-mortar retailers, with hundreds of announced store closures. In this tough environment, the mall operators and their retailers are trying to stay relevant. By using technology in the right way, however, malls can …
Shopping malls once dominated the retailing industry. No more. As many as 25 percent of all U.S. malls will be closed in the next five years. From the 1950s when they were initially built, through the early 2000s, shopping malls were the backbone of retail shopping — attracting consumers with convenient parking and a wide …
Will Shopping Malls Survive? | Practical Ecommerce Read More »
