retail news in context, analysis with attitude

There is a good piece in the Financial Times this morning that looks at the US retail industry and argues that what many retailers ought to be doing is closing stores, that such closings would be an important step in achieving profitability.

Not that this is likely to happen:

“The real barrier here is psychological," FT writes. "Retailers are led by a generation of chief executives that climbed the ranks in a go-go era of expansion. Their definition of success is opening more stores. They have not been trained to rationalise assets. Closing stores is heresy."

But maybe it shouldn't be.

You can read the entire story here.
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