XRC Labs Founder on How Retailers Can Position Themselves for the Future
By Kaitlin Milliken, Staff Writer
Amazon introduced Prime in 2005, offering the convenience of two-day shipping to customers willing to pay an annual membership fee.
The world of bricks-and-mortar retail is still feeling the aftershocks of that innovation.
Stores are closing at an unprecedented pace. The investment bank Credit Suisse estimates that over 8,000 will shut their doors in 2017, and this year has already seen bankruptcy filings from retail brands like RadioShack, Wet Seal, Limited Stores, and BCBG Max Azria.