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An excellent article from the Washington Post on the dramatic shifts (and closures) in big-name retail.

Read the full story here: The troubles at the American mall are coming to a boil

Some highlights:

  • Amazon’s stock value hit an all-time high on April 5, 2017 when they announced NFL streaming
  • Amazon accounted for 38% of online holiday shopping (2nd place went to BestBuy.com with 3.9%)
  • Payless has filed for chapter 11 bankruptcy and will be closing 10% of its stores
  • Ralph Lauren is closing its flagship Polo store on Fifth Avenue in NYC
  • 28 million square feet of retail space will be available after closures by Macy’s and Sears
  • The Limited is closing all brick and mortar locations and filed for bankruptcy
  • Amazon is getting into brick and mortar with a book store and cashier-less grocery store in Seattle
  • Target is testing out a store with dedicated entrance and parking for ‘buy online, pickup in store’ orders

 

 

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