Retail Apocalypse Goes From Bad To Worse And Spark Mass Store Closures And Business Bankruptcies
Mass store closures have continued throughout the entire year of 2021 as the retail apocalypse accelerated the demise of several household brands that have failed the test of time. An equally horrifying fate is affecting U. S. malls, which are getting increasingly emptier and closer to bankruptcy as consumer patterns change. Roaring inflation and supply chain shortages are also compromising the performance of several businesses given that customers are being left with higher prices and fewer choices. Industry experts say that the collapse of brickandmortar retailers has become inevitable at this point. Mostly because instore experiences are not as appealing as they used to be for consumers. Even brands that came up with creative ways to entice customers to visit their stores are filing for bankruptcy due to their inability to survive in such a competitive environment. On top of that, the health crisis is undoubtedly contributing to people s fear of enclosed public spaces. Many Americans have been avoiding
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