Post-holiday store closings are as dependable as the seasonal tree lightings and concerts that precede them. When department store analysts announced that store closings could number 550 in the next couple of years, the outlook cast yet another shadow over the brick-and-mortar segment of the retail industry.
But heavy shuttering of stores does not always portend doom, according to industry experts. Retailers are taking opportunities to reshape their merchandising strategies and companywide footprints in ways that will support their long-term profitability, the experts note.
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