Record numbers of stores are closing. Ecommerce is disrupting storefronts. Retail is in trouble! Or at least, that’s what the headlines are telling us. But this grim outlook doesn’t do justice to the full picture, which is complex and involves a number of factors, including unmanageable debt and too much retail space.
The full picture also has bright spots. Retail companies are still major employers in the U.S. economy, with 4.6 million Americans working in retail sales and 3.4 million working as cashiers, according to the Bureau of Labor Statistics. Together, those two positions account for nearly 6% of