Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Creative Destruction: What it Is and Why it Could Wipe Out 500K Retail Jobs and 30K Stores

Biodegradability or recycled? Carbon inset or carbon offset? Blockchain or chasers? Get the definitions and relative advantages of each, and learn how to address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

Despite healthy spending by U.S. consumers, the shift to online has had a negative impact on the retail economy and continued e-commerce expansion is expected to eliminate 510,000 jobs and 30,000 more establishments by 2025. And that’s on top of the 56,000 stores–or 10.7 percent of the discretionary retail footprint–already lost since 2008, as well…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands