Retail Is in a Pretty Sorry State: Corlett

The video discusses the challenges faced by retailers due to changing consumer behavior and the rise of online shopping. It highlights the need for innovation in retail experiences, such as those seen at Nordstrom Rack and Apple stores, to attract customers. The discussion also covers the impact of real estate on retail strategy and the psychology behind sales promotions. The importance of balancing physical and online retail spaces is emphasized, along with the need for creative disruption to adapt to evolving consumer preferences.

Discuss the impact of online shopping on traditional brick-and-mortar stores.

What strategies can retailers adopt to attract customers back to physical stores?