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Retail resistance to COVID-19 crisis

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Is the retail apocalypse real? What are its causes/ factors?

Chooli
Chooli
in Topics

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Yes, retail apocalypse is real and it is currently happening around the world. Between 2010 and 2013, mall visits decreased by 50%, and the trend continued until the present. Even more, when pandemic struck in 2020, driving all physical retail stores shut. This occurrence has been happening in Southeast Asia for several years, but very few realize that this is the retail apocalypse. 

Retail apocalypse is an event where retail stores and retail business all over the world have shut due to changes in consumer behavior. Other cause and factors that drive retail apocalypse are the following: 

  • Rapid Growth in E-commerce
  • Too many malls
  • Poor retail management

To learn more about the retail apocalypse and how cope with it, read this blog:

 

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