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At Fung Global Retail & Technology, we refer to the turbulence the retail industry is currently undergoing as the “Retail Revolution.” Store closures, restructurings and bankruptcy filings are increasingly commonplace, signaling a tectonic shift in the market landscape. In 2017 so far, US retailers have announced they will close a total of 5,442 stores, a dramatic, 165% increase compared with the same period last year—and we estimate that closures may reach as high as 9,452 by the end of the year.

Source: Company Reports / Fung Global Retail & Technology
Source: Company Reports / Fung Global Retail & Technology

Bankruptcy announcements have also been in the retail news: Wet Seal, American Apparel, The Limited, Eastern Outfitters, MC Sports, BCBG Max Azria, RadioShack, Gordmans Stores, Payless ShoeSource, Rue21, Gymboree, True Religion and Alfred Angelo have all sought bankruptcy protection this year. And if the trend continues, 2017 will eclipse 2009 in…