What does inflation have to do with it?
I’ve been doom-and-gloom on brick-and-mortar retail. But I haven’t been nearly doom-and-gloom enough, given the events of the past seven days. Includes my interview with The Financial Exchange, WRKO Boston.
A very busy day in Brick-and-Mortar Fiasco Land.
Costs went up faster than sales, and now its high-flying stock is tanking.
The Painstaking Relentless Collapse of Brick-and-Mortar Retail.
“Flat sales” are now a “welcome change.” The New Normal.
Retail sales are held up by only two sectors. The rest are sinking.
“You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”
And American Apparel shuts down.
Pundits sent back to the drawing board.