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The retail bubble is finally bursting.
For too long, retailers have remained bloated in store footprints and overconfident in mindset. Store experiences refused innovation for decades, while merchants ripped every dollar they could out of product. Yet somehow, we found a way to pack more product into our over-sized stores.
Finally, retail is experiencing the reckoning it has deserved for some time.
It’s easy to point fingers as well. Ecommerce is eating into store sales....