Retail Apocalypse?

Fascinating discussion at Bloomberg on the pending Retail Apocalypse:

“In the U.S., retailers announced more than 3,000 store openings in the first three quarters of this year . . . But chains also said 6,800 would close. And this comes when there’s sky-high consumer confidence, unemployment is historically low and the U.S. economy keeps growing.”

The graphics are telling:

 

America’s ‘Retail Apocalypse’ Is Really Just Beginning

Source: Bloomberg

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