Yes, there\u2019s good news and not just that vaccines are on the horizon.<\/p>\n

In a way that none could have anticipated, Covid-19 served as a controlled burn of the retail industry, harvesting much of the sector\u2019s dead wood and dying brands. In their place, we\u2019re optimistic that young bright entrepreneurial businesses will gain the water and sunlight they need to thrive, and to grow where their predecessors could not. The pandemic has also forced us, as consumers, once and for all across the digital threshold, prompting companies to explore new platforms for health, education, communication and commerce.  It\u2019s challenged us as business leaders to become creative, dynamic and above all empathetic, in the face of crisis. And perhaps most importantly, it\u2019s shown us the degree to which we are interconnected and interdependent as a global community. That we need one another. They were lessons learned the hard way but invaluable nonetheless.<\/p>\n

And finally, thank you to each and every one of you for following, commenting on and sharing our work. We can\u2019t tell you how much it means to us. Hopefully, in these turbulent times it\u2019s offered a compass heading toward calmer seas.<\/p>\n

Here\u2019s to brighter days ahead.<\/p>\n

The Retail Prophet Team<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Bad retailers will never run out of customers. History suggests that there is always a segment of the consumer population willing to trade down if they believe they can save a dollar or two. Some retailers, like long-beleaguered J.C. Penney, have spent decades proving this thesis.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-651","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n