By Michael C. Appel, November/December Guest Editor
On the heels of 5,864 retail store closures in 2018, at least 8,558 additional stores will close in 2019, a number that could climb as high as 12,000. While the media continues to describe this as a “retail apocalypse,” the fact remains that the U.S. still has much more retail square footage per...
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Michael Appel is chairman and CEO of rue21, a 700-store teen fast-fashion apparel retailer. As president of Appel Associates LLC, an advisor to retail and consumer goods companies, he has served as interim CEO, COO, and CRO for retailers that include Laura Ashley, Baccarat, and Wilkes Bashford. Appel is a past recipient of TMA Global’s Large Company Turnaround of the Year award and a member of the Advisory Board of the Fashion Institute of Technology’s Global Fashion Management master’s program.