We know that retail startups are up, but alas, so too are retail failures; even higher than historical norms.
Why is this happening?
Yes, the headwinds for retailers right now are real, and plenty difficult.
However, it turns out that the underlying causes of failures do not change; like cockroaches, they just endure!
- Is it Amazon? Or, the pandemic? Or tight money?
- Or supply chain problems? Or not enough good employees? Or Covid fatigue?
- Unable to keep up with competitors? Overly-demanding landlords?
- Downtowns or malls being slow to bring customers back?
- Or, some combination of factors? Or...? Or...?
Yes, the headwinds for retailers right now are real, and plenty difficult.
However, it turns out that the underlying causes of failures do not change; like cockroaches, they just endure!