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: Amazon Prime Day 2024 Insights: Travel, Food, Early Deals, Livestreaming—This Year’s Sales BoostersShoptalk 2024 Day One: Game-Changing AI, Multi-Benefit Associate Apps and the Keys to Success for Retail Media (Not for the Faint-Hearted)US and UK Retail Bankruptcies Latest, December 2023: US Retail Bankruptcies Jump 10X in 2023China Retail Unveiled: In-Depth Insights Presented at FIRA 2024 Annual Meeting