Wait a minute: There Will Be More Retail Stores Opening Than Closing In 2017
Let's look deeper into the type of stores that are opening, and why.
"The fashion-related vacancies you're seeing are dominating the list of store closures. You could blame technology for that, but that wouldn't be entirely fair. It's more fair to say that technology accelerated the decline of retailers who have not been in touch with what their consumers wanted as much as their competitors. Technology helps consumers see more of what's available and that makes the comparison between brands so much more stark and apparent.