Retail store closures in the U.S. last year reached the highest levels since the pandemic, with numerous stores, including well-known names, shutting down numerous locations in response to changing consumer behaviors and economic pressures.
Vero’s thoughts on the news:
This wave of retail store closures highlights the ongoing transformation within the retail industry, driven primarily by shifting consumer preferences toward online shopping and the economic burdens faced by physical stores. The closures signal a need for retail businesses to adopt robust digital strategies and leverage technology to enhance their customer experience. This includes integrating mobile solutions, using data analytics for personalized marketing, and maintaining a strong online presence to remain competitive.
Source: Store closures hit highest level since pandemic — see who is shutting down the most locations – CNBC
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