"The Covid-19 pandemic forced widespread store closures, long-standing supply sources became uncertain, and customers' buying habits changed rapidly, with online retail sales growing significantly."
"In the last few years, several major retailers declared bankruptcy, including Bargain Hunt, Big Lots, The Container Store, and others, reflecting the struggles of the retail industry."
U.S. retail chains have struggled over the past decade due to the Covid-19 pandemic, which led to store closures and disrupted supply chains. Consumer buying habits shifted dramatically, with online retail sales increasing from 7.4% in late 2015 to 16.4% by late 2025. Several major retailers, including Bargain Hunt, Big Lots, and Forever21, have declared bankruptcy in recent years, highlighting the ongoing challenges faced by the retail sector.
Read at Harvard Business Review
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