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Store Size & Units per Trip Shrinks Along with the Consumer Wallet (Retail in the Red)
The back half of 2023 saw shrinking stores, declining units per trip and drastic shifts in consumer spending to online and value retailers. Did these trends play a role in the retail bankruptcy filings seen in the back half of 2023? Are there any insights to be gleaned from the store openings and closings data that can help retailers sharpen their strategic edge and stay out of the red? Tune into this episode of our 60-second Retail podcast to hear David Berliner, Partner & National Leader of Business Restructuring at BDO USA, share some key findings from the most recent Retail in the Red report, and how the industry outlook is shaping up.
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