Summary of What in the World Is Causing the Retail Meltdown of 2017?

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

What in the World Is Causing the Retail Meltdown of 2017? summary
Start getting smarter:
or see our plans




  • Applicable
  • Eye Opening
  • Background


America’s retail industry is hurting. Yet people tend to point fingers too quickly at Amazon and other e-commerce businesses when hearing about yet another department store bankruptcy or retail store closure in the United States. As economics writer Derek Thompson explains in The Atlantic, “buy now” buttons and shopping apps certainly keep many people out of stores – but so do changing lifestyle priorities among Americans. getAbstract recommends Thompson’s illuminating piece on the demise of American retail stores to industry professionals and commercial real estate developers mulling over what the future of retail may hold. 

About the Author

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets and the media. He is the author of the book Hit Makers.



In the first three months of 2017 alone, nine US retailers have declared bankruptcy, while well-established department stores like Sears and Macy’s are closing more than 100 outlets each. This is happening at a time of economic growth, low unemployment and rising wages among middle- and lower-income Americans. Three recent developments are contributing to the demise of American retail stores:

  1. Booming e-commerce – Online retailers enable consumers to shop from the convenience of their homes. The introduction of...

More on this topic

Customers who read this summary also read

Livestreaming Is on the Rise. Here’s What It Means for the Future of E-Commerce
Accelerating Digital Innovation in Retail
How Online Marketplaces Can Power Employment in Africa
Why Everything Is Sold Out
Unbundling UPS: How the Traditional Shipping and Logistics Space Is Being Disrupted
Amazon Has Turned a Middle-Class Warehouse Career into a McJob

Related Channels

Comment on this summary