“In numbers compiled for this Forbes.com story, new research shows that since 2018 approximately 22% of all the department stores in the country have closed or will close before the end of the year. This represents 798 individual department stores, including entire companies that have gone out of business, companies in chapter 11 bankruptcy proceedings…
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Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever
“Ecommerce sales in the third quarter 2019 spiked 17.3% from a year ago to $145.7 billion, Ecommerce sales will exceed $600 billion in 2019, double the amount five years ago. Walmart…Despite many costly flops, its ecommerce sales have been soaring, including by 41% year-over-year in Q3. Total retail sales, which includes ecommerce, in Q3 rose…
Retailers Show The Path Forward On AI Innovation
Walmart Neiman Marcus IKEA H&M West Elm 7-Eleven Adidas https://www.google.com/amp/s/www.pymnts.com/news/retail/2019/artificial-intelligence-walmart-adidas/amp/