Good day Colleague,
This week, two analysts from UBS gave us the most shocking headline which said 75,000 stores will need to close by 2026.
They argue that if online continues to steal market share, there simply won’t be the need for so many stores.
I’m sure if I said by 2026 five million users per year will abandon online shopping due to privacy hacks and data leaks, I too could grab headlines.
To get to the answer of how retailers are trying to hold onto and grow their market share, I embarked on a visit to three of New York’s top destinations to discover what’s new in retail.
I went to Hudson Yards, the 25 billion mixed use development on the west side of Manhattan, the new STORY concept at Macy’s Herald Square, and the flagship Saks Fifth Avenue across from Rockefeller Center. (That's where this photo was taken.)
To read the full post that include several pictures like the one above, click the link below...