Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
S&P made up for its tardiness by downgrading the CMBS in one fell swoop by 9 notches from AAA to BBB-, just one notch above junk.
“Our Retail Marshall Plan.”
The eeriness of the whole situation may leave permanent marks on consumers and business-decision makers.
Local governments end up buying dying malls to keep them from becoming dead zones.
What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
In total, 2,000 tech, admin, and management jobs to be cut and offices closed around the country. In addition, one-fifth of Macy’s stores to close. Brick & Mortar Meltdown.