Retailers in the US closing stores due to unsustainable business models

a { color: #880000 !important; background: #ffeeee !important; } Retailers in the US closing stores due to unsustainable business modelsretail > businessRetailers in the US, including Walmart, Dollar Tree, and Subway, are closing stores due to unsustainable business models and challenges such as increased minimum wage. Sam's Club introduces AI-powered scan of shoppers' carts to speed up checkout process.

What's happened

Retailers in the US, including Walmart, Dollar Tree, and Subway, are closing stores due to unsustainable business models and challenges such as increased minimum wage. Sam's Club introduces AI-powered scan of shoppers' carts to speed up checkout process.

Why it matters

The closures of stores by major retailers like Walmart and Subway indicate the challenges faced by traditional brick-and-mortar businesses in adapting to changing market dynamics. The introduction of AI-powered technology at Sam's Club reflects efforts to enhance customer experience and streamline operations.

What the papers say

The Independent reports on the closures of stores by major retailers like Walmart and Dollar Tree, while Business Insider UK covers Sam's Club's implementation of AI-powered technology. NY Post discusses Subway's downsizing and challenges faced due to increased minimum wage.

How we got here

The retail industry in the US is undergoing significant changes, with traditional retailers facing challenges from e-commerce and shifting consumer preferences. The closures of stores by Walmart, Dollar Tree, and Subway highlight the need for businesses to adapt to remain competitive.

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