Retail On The Ropes, Four Ways It Can Come Out Fighting [Forbes]
CAPGEMINI SE UNSP/ADR (CGEMY)
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Source: Forbes
EDINBURGH, SCOTLAND - JULY 10: Members of the public wear face masks as they shop on Princess Street... [+]on July 10, 2020 in Edinburgh, Scotland. Wearing a face masks is now mandatory in shops across Scotland, people with specific medical conditions or disabilities and children under the age of five will be exempt. (Photo by Jeff J Mitchell/Getty Images)Whichever way one looks at it, it's been a turbulent week for retail. Store closures and job losses at John Lewis and Boots, allegations, which just don't seem to go away, of modern slavery at Boohoo's Leicester factories, and warnings from the British Consortium (BRC) of price hikes in the event of a no deal Brexit.One could be forgiven for thinking that the sector is unlikely to ever recover from the blows it's been taking, such is the enormity of some of the changes which we are witnessing.And adding to the pressure on physical stores, it appears that we're all preferring to shop online now. Perhaps no surprise, but it's a rapidl
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