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The new face of US retail

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  • Eric Pfeiffer
    http://www.cnbc.com/id/101353168   A tsunami of store closings expected....goes the title of this.  This is a story, with some exaggeration, of the slowly
    Message 1 of 1 , Jan 22, 2014
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      A tsunami of store closings expected....goes the title of this.  This is a story, with some
      exaggeration, of the slowly evolving US consumer preference to shop online rather than travel to a mall.
         It is bad news for the old stalwarts like Sears, JC Penny, Macy's and other
      large department stores that are considered the "anchors" of mall across
      the US.
         Their rapidly succeeding adversary of course is Amazon.com as well as
      other uniquely online retailers.  What unique advantage does online have?
      An essentially unlimited selection of items with far less inventory to keep
      to maintain that selection.  And one does not have to drive a car to a
      remote site at considerable additional cost to buy whatever if that item
      is even carried at the mall stores.
       
            Does the relentless decline in mall traffic signal economic collapse
      as a certain net publication openly argues? Or does this signal a structural
      change in which the US consumer prefers to shop?  Amazon.com will be
      reporting sales and earnings for the winter quarter soon and we shall see
      if sales are falling at Amazon.com as that certain net publication would
      want us to believe.   I will present the sales data as it is published.
       
           Will malls fold up and die in the near future? Probably not. Many may well
      wind up partially empty or many will wind up with new tenants like Goodwill
      or other used clothing stores.  But they will carry on, just to a different group
      of people and fewer of them.
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