Executive Summary

There were a number of “shocking moments” in retail and tech in 2017, and we summarize 17 of them in this report.

• The number of store closure announcements in the US has increased 229% year over year, as of December 22, and continues to exceed store openings.
• The year saw luxury brands move online, with notable e-commerce players striking deals with some of the big names in luxury.
• 2017 has also been a year of consolidation, with a surge in M&A and investment activity.