Deep Dive 12 minutes PremiumDeep Dive: The US Retail Revolution Solution Coresight Research July 7, 2017 Executive Summary The US retail industry is experiencing a period of revolution rather than evolution. Three things characterize the current transformation: traditional retailers such as department stores and specialty retailers are undergoing huge disruption, emerging players in different segments are intensifying competition and higher e-commerce penetration is challenging brick-and-mortar retailers. The rate of change seems to be accelerating. Retailers have already announced a total of 5,321 store closures so far this year, up 218% year over year, and 11 retailers have filed for bankruptcy year to date. Amid this accelerated disruption, we have identified a number of potential solutions US retailers can implement to address the fundamental challenges they face. These include further store closures to optimize store bases, transforming the store experience beyond the transactional and implementing innovative, all-channel initiatives to compete with the convenience offered by e-commerce. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Consumer Sentiment Remains Low: China Consumer Survey InsightsOracle Retail Cross Talk 2023: Retail Platform Is Extended Further, Gets Wheels from Uber IntegrationApril 2024 US Retail Sales Outlook: Projecting Low-Single-Digit Growth Amid Growing Disposable IncomeWeekly US and UK Store Openings and Closures Tracker 2023, Week 45: Amazon Completes Its Brick-and-Mortar Retreat to Grocery