DM Newsletter – November 2017

A RARE GREEN SHOOT ON THE SCORCHED EARTH OF RETAIL – We live in a period of rapid change. The same forces that have brought us previously unimagined technologies and conveniences, however, have also wreaked agonizing upheaval on certain parts of the economy. Perhaps nowhere has this dislocation been levelled with as much swiftness and ferocity as in the retail sector, where companies struggle to maintain relevancy and, in many cases, outright survival in the face of the “Amazon-ing” of their industry.  One-time cornerstones like Sears Canada and Toys R Us have recently filed for bankruptcy, while outlets such as Foot Locker, Kmart, and Staples are either closing stores in multiples, selling off real estate, or paddling furiously against the unrelenting tsunami of competition.

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