Reported 7 months ago
Due to the impact of inflation causing a rise in raw materials, rent, and labor costs, the US is experiencing a wave of closures among chain retailers, with nearly 3200 stores expected to shut down this year, an increase of over 20% from 2023. In contrast, Taiwan's domestic demand has increased post-pandemic, particularly in the food and beverage industry, with online and offline retailers expanding their presence strategically. Taiwan's inflation impact is relatively low, and there is no imminent threat of closures. The US, facing inflation pressure, is also grappling with a surge in retail crime, amplifying operational challenges for brick-and-mortar stores.
Source: YAHOO