Gerald Storch Expects a Lot More Retail Bankruptcies Amid Pandemic

The video discusses the challenges faced by the retail industry, particularly in apparel, due to COVID-19. It highlights the trend of bankruptcies among major retailers and the potential for mergers and acquisitions. The impact on real estate, with an excess of retail space, is also covered. Future retail strategies emphasize online presence and AI-driven customer experiences. The video concludes with a discussion on the need for diversified supply chains and increased local manufacturing.

What strategies might retailers adopt to survive the current economic climate?

What changes in consumer shopping behavior are expected to persist after the pandemic?

How has the pandemic affected the supply chain and sourcing of goods for retailers?