Retail:For Some, Every Day is #BlackFriday

Retail sales are up worldwide. But tough competition and rising online sales mean more store closures, notably in the US. 9 top US retailers became insolvent in the first three quarters of 2017. The retail sector leads the global surge in major insolvencies with 13 more cases this year compared to 2016. The total turnover of insolvent retailers reached EUR 30 bn.