There's no way around it -- the last year was rough for retail. It's about a little company in Seattle called Amazon, which is steadily eating the world of retail. And when I say eating, I mean in one bite.
What does the future hold for retailers large and small? The tea leaves point to three major developments.
What do you do when facing a vastly stronger competitor? You team up. Alliances grow among business that are like-minded, but not competitive. What's next? Retailers will need to continue to adapt their playbooks, because Amazon and the changes it has created are here to stay.