Many retail workers are losing their jobs amid major technological shifts. And while some industries invest to retrain their workers with new skills, retail largely hasn't succeeded in doing that.
Nine U.S. chains have filed for bankruptcy this year. Store closures are accelerating, and 89,000 retail jobs have been lost since October. "The disruption is just unfolding," a former executive says.
With more department stores closing, some owners are trying to make malls "more experiential," adding gyms and theaters. One developer is targeting Hispanics with regular concerts and festivities.
The nation's largest retailer is known for sprawling suburban and rural stores. Now Wal-Mart is moving into city centers — sometimes despite strong local opposition.
Almost 50 U.S. cities and towns have banned pet stores from selling puppies. The laws are aimed at cracking down on substandard, large-scale breeders, but many store owners say the bans are unfair.
Entrepreneurs who want to launch a retail business in the fashion industry have found a more affordable way to do it — by launching food-truck-inspired rolling boutiques.