Department stores get crushed one by one.
Ecommerce and globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins.
The dirty secret Macy’s is hiding.
It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.
Only about half of retail is under attack from e-commerce, but that half is getting crushed.
The collapse of brick-and-mortar retail becomes a real-estate question.
Even the biggest.
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.
The Painstaking Relentless Collapse of Brick-and-Mortar Retail.
Pundits sent back to the drawing board.