2009 was a tumultuous year for US Retailers. We entered the year in the throws of a recession that resulted in the bankruptcy of Circuit City. The ongoing economic challenges kept the likes of Gordon Brothers Group busy as they helped numerous retails close stores and liquidate assets.
While it wasn’t fun, we’ve clearly been over retailed in the US for some time. The economic climate created a unique opportunity for many retailers to slow their expansion plans, trim underperforming stores, and generally get more healthy without raising the ire of their public markets.
And there is some reason for optimism as well, many retailers continued to innovate. (more)