The retail industry has already undergone significant transformation and giants like Sears and Toys “R” Us paid a hefty price for their complacency.

Is the worst over? Industry analysts are confident that fewer stores will close in the near future, but nothing indicates that the pace of change is slowing down. On the contrary… Some of the biggest trends affecting retail include experiential shopping, omnichannel convenience, expansion of online stores into physical locations, and industry consolidation through major mergers and acquisitions.