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.
This Week in Business
Retail’s Tough Reality: Lessons from Joann’s Closure
Wharton marketing professor explains the factors behind retail closures and challenges facing the industry.
March 5, 2025
• 8 min listen
Updated: March 6, 2025
Listen to the podcast.
Subscribe wherever you listen to your podcasts.
Comments
New This Week
Why Human Agency Matters for Quantum AI
Quantum AI is coming and leaders need to invest in human agency before it arrives, writes Wharton’s Cornelia Walther.
Why AI Pricing Doesn’t Always Drive Prices Higher
AI pricing tools are widely feared to fuel price fixing, but new Wharton research shows they can cut costs and lower prices in many cases.
Cities Can’t Afford to Fight the Last War
Remote work and AI are remaking urban America. Our anchor institutions are the best tool we have to get it right this time, writes Wharton’s Patrick T. Harker.
Contributing Faculty
Patrick T. Harker
