Magazine Article | April 19, 2017

Welcome To The Post-POS Era

Source: Innovative Retail Technologies

By Matt Pillar, senior executive editor, Innovative Retail Technologies

Not even halfway through the second quarter of 2017, news cycles have been dominated by the demise of stalwart retail brands like Kmart (down 108 stores) and Sears (down 42 stores) and the continued woes at Macy’s (down 68 stores) and JCPenney (down 138 stores and 6,000 employees). It’s not just department stores that are bleeding out. Store closings at specialty brands like hhgregg, MC Sports, Gander Mountain, Radio Shack, The Children’s Place, Payless ShoeSource, and more will collectively wipe thousands of stores from the retail landscape in 2017.