By  on December 4, 2017

L Brands chief Leslie Wexner believes department stores are in a “death spiral.” Specialty stores aren’t in much better shape, and the overall number of announced store closings — big and small — continues to grow, seemingly on a daily basis.

Overflowing racks and 30 percent off coupons are just not working anymore and merchants are seeking more innovative solutions to lure shoppers.

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