Retail’s Tough Reality: Lessons from Joann’s Closure
- Author
- This Week in Business
- Published
- Wed 05 Mar 2025
- Episode Link
- https://knowledge.wharton.upenn.edu/podcast/wharton-business-daily-podcast/retails-tough-reality-lessons-from-joanns-closure/
Cait Lamberton, Marketing Professor at the Wharton School, discusses the closure of Joann Stores and the broader challenges facing brick-and-mortar retailers. She examines the impact of bankruptcy, shifting consumer behaviors, and the rise of e-commerce, shedding light on why traditional retailers struggle to survive in today’s market.
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