America’s malls and shopping centers said farewell to Bon-Ton, Toys R Us, Brookstone, Starbucks’ Teavana, and Lowe’s-owned Orchard Supply Hardware stores this year. That followed the relatively recent loss of Sports Authority, H.H. Gregg, Radio Shack, and a handful of others.
Some call it a retail apocalypse, but the reality is that’s it’s poor management and a lack of adapting to the current marketplace. Yes, more shopping takes place online, but brick-and-mortar chains that embrace the omnichannel model have thrived.
These retailers, however, have not done that, and their futures are very much in doubt. All of these companies were on many of the lists compiled last year for companies that may not survive 2018. You could congratulate each brand for making it, but none are in better shape than they were the year before, and one company (with two brands) will just barely make it.
Continue reading “4 retailers on the 2019 death watch”
