Is 2017 the death of retail as we know it?
Sears, J.C. Penney, Kmart, Macy’s: These retailers are closing stores in 2017
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Heard Howard Davidowitz on radio last week. He is a retail analyst that holds no punches. He says the USA has 3 times the retail stores per person as any country in the world, except China. We have way too much brick and mortar retail. He says the big box department stores are dying. The real disaster will hit the banks when all this retail real estate defaults on loans. That will be a huge problem. The only brick and mortar retail that might survive are discount stores. http://www.davidowitzassociates.com/