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Rising from the Ashes

The media has been filled with stories about a so-called ldquo;retail apocalypse, rdquo; citing the large number of store closings, abandoned and eerily quiet shopping malls and the explosion of the Amazon phenomenon (and online shopping in general) as some of the primary reasons.

It rsquo;s true that retail has been battered and bruised during the past years, especially 2017, but just as life must evolve to sustain itself, so must retail.

Instead of crashing and burning, retail is rising from the ashes, similar to the mythical Phoenix bird that purposely leaped into the fire when it knew its current life had to end to be reborn again as something new. No doubt, many traditional retail brands will disappear, but that is necessary, even welcomed, if the retail sector is to thrive and flourish in the new world of the 21st century.