A massive wave of store closures is changing the face of retail forever. New technology and the rise in online shopping is wiping out some retailers, such as those selling music, camera equipment, and computers. But physical stores will never become totally obsolete. Consumers still want to touch and test out certain types of merchandise […]
Continue readingCategory Archives: Retail Apocalypse
A Strategy For Store Liquidation
EPIC Liquidation WorldBY JULIA HANNA- HBS Alumni It’s an unhappy yet unavoidable fact: Sometimes, retail chains go out of business. Moreover, even healthy chains periodically must close down some existing stores. When stores have to be liquidated—when “everything must go”—a series of decisions must be made, and made quickly. In a recent working paper, doctoral […]
Continue reading