As reported last year in CNN, “Experts predict that a quarter of American malls will close in five years—around 300 out of 1,100 that currently exist.”
Digital transformation is a big idea and means many things; one industry that has been most affected is retail. Many consumers prefer to shop online instead of visiting retail storefronts. Gone are the days when shopping entailed going to the mall to check out different stores, compare products, finalize the purchases and go home with an armful of shopping bags.
