Retail Reckoning Is Just Getting Started, SW President Widlitz Warns

The video discusses the surge in retail bankruptcies and the potential for more closures as the market reopens. It highlights the challenges faced by retailers, including inventory management and real estate valuation. The discussion also covers predictions for future store closures, with specific mentions of Nordstrom and Macy's, and the impact on malls and real estate prices. The overall theme is the transformation of the retail landscape in the coming years.

What is one of the main reasons for the recent surge in retail bankruptcies?

• Reopening of stores allowing inventory assessment

• Increased online shopping

• Higher consumer spending

• Improved supply chain efficiency

Which major retailer has announced a significant percentage of store closures?

• Target

• Walmart

• Amazon

• Nordstrom

What is the expected change in the number of malls in the US?

• Double in number

• Decrease by 30 to 40%

• Remain the same

• Increase by 20%

What is a major challenge in the retail real estate market?

• High demand for new stores

• Excessive government regulation

• Collaboration between landlords and retailers

• Rising rent prices

How is the nature of retail expected to change over the next year?

• Shift towards online sales

• Increased collaboration with landlords

• More focus on physical stores

• Stability in the number of malls