What are the primary causes of the retail collapse?

Key causes include the rapid growth of e-commerce, changing consumer preferences, increasing operational costs, over-saturation of physical stores, and broader economic shifts.

How does e-commerce impact traditional brick-and-mortar retailers?

E-commerce diverts sales from physical stores by offering convenience, competitive pricing, and vast product selections, forcing traditional retailers to adapt or face reduced foot traffic and revenue.

Which retail sectors are most affected by the downturn?

Sectors like department stores, apparel, and electronics often experience significant challenges, while essential goods, discount retailers, and experiential retail may show more resilience.

What are the consequences of widespread retail bankruptcies?

Consequences include job losses, an increase in vacant commercial properties, reduced local tax revenue, and a shift in consumer spending towards online or more resilient retail models.

Is there a future for physical retail stores?

Yes, but it requires significant adaptation. Future physical stores will likely focus on creating unique experiences, personalized services, showroom concepts, and seamless omnichannel integration.