The Retail Apocalypse

The "Retail Apocalypse" refers to the significant decline and closure of many brick-and-mortar retail stores, especially large shopping malls and traditional department stores, primarily since the mid-2010s. This trend is driven by several factors: the rise of online shopping, changing consumer preferences, increased competition, and economic shifts. Many consumers now prefer the convenience and often lower prices of e-commerce, leading to reduced foot traffic and revenue in physical stores. As a result, numerous retailers have filed for bankruptcy or closed outlets, reshaping the retail landscape and prompting shifts toward omnichannel sales strategies.