The Restructuring of the Retail Industry
David Gross provides the first article in a series that illustrates the changes taking place in the US retail sector and what this means for consumers.
In this new series, “Irreversible Change in US Retail,” we explore the sweeping restructuring taking place in the retail industry. Most importantly, we explore the implications for consumers—a topic overshadowed by all of the talk about retailers, their suppliers, and their landlords.
While this restructuring started prior to COVID’s arrival, COVID accelerated the pace and scale of change to previously unimaginable levels.
Ultimately, consumers will encounter fewer choices on where to shop and higher prices. Worse yet? The pain for consumers is probably closer than you may think.
Key areas covered in this article include:
- Record levels of retail bankruptcies
- Amazon vs. Walmart
- The implications of a consolidated market
Access the full article, Irreversible Change in US Retail (First in a Series), on consultsvp.com.