A RETAIL expert has warned about the significant economic and social impacts of store closures on several US cities.
Johnny Custer, a senior director in retail risk services at ThinkLP, spoke to The U.S. Sun about the deleterious knock-on effects of the retail apocalypse.
ThinkLP is a consulting firm that helps large and small businesses with back-end issues like theft, shrink, and internal investigations.
Custer revealed his analysis of hundreds of major retailers has left him concerned about the future of several US cities, namely Chicago.
Cities have historically drawn thousands of customers looking for unique shopping experiences. But as iconic stores shutter, Custer believes the cities will experience seismic social shifts.
“We see a ton [of store closures] in Chicago from …