Carnegie Market Blog

 

Finances Show Us Retail Is Dying in 2017

Posted by Brent Luce on Apr 10, 2017 4:58:28 PM

Retail Death Watch

I could probably write a book on this subject since it is such a powerful technology-based disruption taking place, but then what would I talk about in future blogs?  As you know, the shift to online purchases continues and it is severely disrupting brick-and-mortar retailing.  Watch: Retail is a Mess to Say the Least

Here are a couple of interesting charts:


As you can see from the above chart, while it is still early, it appears we have reached a tipping point where retailers are all scrambling to reduce their footprint. Just a quarter or two ago, many were happy with their footprint but now they are saying that they need to aggressively close stores.  What this means is that they are all doing the same thing at the same time – looking closely at their weakest locations and eliminating them.  This has a viral effect, since the smaller mall-based retailers and those that locate adjacent to malls all depend on a handful of big retailers to keep things afloat.  Not only that, but the retailers will be looking at the exact same locations to eliminate, so entire shopping areas will suddenly just go dark.  If the large retailers are closing stores, which they are, many others will follow.  Read More: America's Stores Are Closing Stores Faster Than Ever

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Topics: A.I., Brewery Bubble, Beer

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