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The USA is trending towards a retail apocalypse, but the opposite is happening in China. High-end boutiques are being inaugurated at airports during the pandemic, new concept stores opened in malls in Singapore, and duty-free stores and pop-up shops are blooming across ASEAN
This the age of the consumer.Know what they want to win! Kiss your overheads goodbye!
With an immediate $15/hr minimum wage, I can see this scenario playing out hundreds of thousands of times (100,000+) across US family businesses. Soon, we’ll only have chains to order takeout food from, who have eliminated much of the manual work thru automation. Lose-lose.
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Wow...didn't see that coming...