There has been a lot of talk in the press recently about brick and mortar retail being on the way out. The culprit, supposedly, is Amazon, and other online retailers, who can offer so much more convenience than physical shops can, and also offer lower prices.
Business Insider is calling it the retail apocalypse.
Thousands of mall-based stores are shutting down in what’s fast becoming one of the biggest waves of retail closures in decades. More than 3,500 stores are expected to close in the next couple of months.
Department stores like JCPenney, Macy’s, Sears, and Kmart are among
the companies shutting down stores, along with middle-of-the-mall chains
like Crocs, BCBG, Abercrombie & Fitch, and Guess.