Retail: Evolution vs. Extinction

IRVINE, CA—Contrary to the doomsday reports that retail is dead, the fact of the matter is that the retail industry continues to evolve to maintain customer demand as opposed to becoming extinct.  Department stores, says Donald MacLellan, senior managing partner at Faris Lee Investments, have been especially hard hit, but the rest of the sector should take note so as to not suffer the same consequences.  MacLellan looks at the true underlying factors that are negatively impacting retailers today and the significant presence the most successful retailers continue to enjoy in this exclusive commentary for GlobeSt.com.

The views expressed are the author’s own.