Editor Marie Driscoll met the veteran retail executive Jerry Storch. As founder of Storch Advisors his career of over 30 years included prime role such as Vice Chairman of Target hypermarkets, C.E.O. of Toys’R’Us toy retailer and C.E.O of Hudson Bay department stores. He outlined a future for retail.
Marie Driscoll : We’ve been through tumultuous times, including bankruptcies matched with extensive store closures and the birth of digital retailers. What’s next
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Jerry Storch : Stories of the death of retail were greatly exaggerated. Q4 sequential and year-over-year improvement for many retailers led many to conclude everything is now stable. However, everything has changed forever. The future will be nothing like the past. Improved Q4 results do not mark a return to business as usual....
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