
Stores that don't adapt to the changes in how we buy, what we buy and where we buy do so at their own peril.
Photo Illustration: Trent Joaquin; Source: Getty Images

During the past few years, numerous big-name retailers have filed for bankruptcy, from the storied department store operator Sears to Toys ‘R’ Us to Pier 1 Imports. Accompanying those filings are thousands of store closings.