American malls are pivoting toward an experiential model less dependent on department stores. U.S. department stores are struggling to compete against newer, online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever changing demand of consumers. And this is causing familiar retailers like JCPenney, Sears and Macy’s to close, the latter of which recently announced it would close up to 150 stores.
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The words, retail therapy put a shutter down my spine. This create an obstacle for me for seeking real therapy.
How could Americans living paycheck to paycheck,not having $400 emergency fund in their bank account, shopping at lululemon. Rise of lululemon is nothing but an amazing business. I'm just amazed on how are people buying so much lululemon.