After Chapter 11 bankruptcy, key retailer making major changes
The iconic retailer is moving toward an online marketplace.
The post-pandemic years have taken a toll on retailers and forced many to rethink their strategies in the wake of evolving consumer behavior.
Consumers have been broadly cutting back on spending as inflation has remained stubbornly elevated and interest rates have soared. Not surprisingly, retail closures have been rampant, with a number of notable brands filing for bankruptcy protection following the major shutdowns that occurred in 2020.
