You may have heard that the retail industry is in tatters.
For the vast majority of brick-and-mortar chains, that’s true. Department stores are shedding profits as fewer customers visit their local mall. Apparel companies are struggling as they face increasing competition from e-commerce operators like Amazon (NASDAQ: AMZN) and fast-fashion chains like H&M, and bankruptcies have hit a range of sectors from sporting goods to apparel to electronics.
Image source: The Motley Fool.