The Retail Doctor Bob Phibbs’ recent blog encourages retailers to have hope as data shows the ‘retail apocalypse’ is a misconception. According to Phibbs “the data is strong and growing stronger every day that shows a true resurgence and evolution in in-store shopping…brick-and-mortar retailers may have the last laugh in 2021”.
The Wall Street Journal reported that the U.S. GDP “grew at a record pace in the third quarter—increasing 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of the ground it lost earlier in the coronavirus pandemic.”
