The failure to understand the mistakes of the past is causing many US retailers, with their ânarrow areas of expertiseâ, not to commit sufficient resources to monitoring how changes in the demographic, technological, political, and economic environments have affected and will continue to affect their businesses. Seeks to address some of these changing trends in the retailing, consumer, and regulatory sectors and their impact on retailing in the USA today â a reduction in the number of retailers, continued emphasis on expense reduction in order to achieve margin reduction, and the demise of the midâsized retail chain. In addition, examines how these current trends will affect US retailing in the future.
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