Peter Morris and I discuss if
there really is a Retail Apocalypse, just, fake news or, as Peter
suggests, an evolution or shift. This written portion of my post does
not cover everything Peter and I discuss on this show. If you want to
watch the full video, click on the image below. If you want to listen to
the entire audio, only version, click on the link, below. There is
also a full written article as part of this post. This was recorded as
part of our CRE Radio & TV, LIVE!
MASSIVE AMOUNT OF STORE CLOSURES IN 2019
As part of our discussion, we reference an article in Retail Dive referencing research from Coresight Research, their forecast that there will be 12,000 store closures in 2019, the recent Barney’s and Perkins and Marie Calendars’ bankruptcies and the UBS Securities’ Analysts’ forecast that there needs to be an additional 75,000 more store closures by the year, 2026. When you add all of this to the prediction that Ecommerce will continue to penetrate the retail market from its current 16% to 25% or more it really sounds bad for brick and mortar retail. Doesn’t it?
RSK: Let`s look at it this way...the horse and buggy are gone, but we still have many modes of transportation. We will always have various modes of retail as well.
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- - Volume: 7 - WEEK: 33 Date: 8/13/2019 5:04:04 AM -