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How brick-and-mortar retailers can adapt to the age of e-commerce

A Bonobos 'guideshop' stands in lower Manhattan on April 18, 2017 in New York City.
A Bonobos in lower Manhattan on April 18, 2017, in New York City. The high-end men's clothing retailer is in talks with Walmart for an approximately $300-million sale. Photo: Spencer Platt via Getty Images

Last month, Sears announced its plan to close another 72 stores and identified 100 as unprofitable, after its 26th consecutive quarter with diminishing sales. Sears and similar retailers have suffered largely because of changing consumer behavior and market dominance of Amazon, which was responsible for 44% of all U.S. e-commerce sales last year. 

But, but, but: While sales have declined the past six years for Sears, brick-and-mortar sales overall have increased each of the past four, driven by retailers who blend online and offline commerce and deliver memorable experiences. Companies such as Amazon and Apple built on consumer-first retail DNA, while other leaders such as Walmart and Target have acquired that DNA through aggressive acquisitions of next-generation brands such as Jet.com, Bonobos and Shipt.