Retail Apocalypse

The "Retail Apocalypse" refers to the significant decline of brick-and-mortar retail stores, especially large shopping malls and department stores, primarily caused by the rise of online shopping, changing consumer preferences, and economic challenges. Many traditional retailers have closed locations or gone bankrupt as customers prefer the convenience and often lower prices of e-commerce. This shift has transformed the retail landscape, leading to vacant stores and a reevaluation of shopping and commercial real estate. It highlights how technological advances and societal changes can disrupt longstanding industries.