The retail sector continues to make headlines, with news of store closures and liquidations dominating the media. Factors contributing to this turmoil include:
The vastly overstored and overspaced U.S. retail environment
Globalization and the invasion of
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Michael Appel is president of Appel Associates LLC, an advisory firm to retail and consumer goods companies, private equity funds, and lender groups. He currently is chairman of the board and interim CEO of rue21 and has served as interim CEO, COO, and CRO for retailers that include Laura Ashley, Baccarat, and Wilkes Bashford. Appel, a past recipient of TMA’s Large Company Turnaround of the Year Award, is also on the advisory board of the Fashion Institute of Technology’s Global Fashion Management master’s program.
