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Retail Apocalypse (2016-Present)

retail Amazon Sears Target store chains economy business middle America mall retailers

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#61
rennerpetey

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Its like expecting to find video rental store. It didn't exist in 1900 or today ; businesses have their temporal niche.

 

There are definitely a lot of video rental stores still around here in the Midwest.  Probably not as many as there used to be, but at least one in every mid sized town.  It's surprising and I have no Idea how they're still around, yet they persist


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John Lennon dares you to make sense of this

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#62
starspawn0

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There are lots of hipsters who like "good finds", and like browsing in old video stores. There are also people who like to shop for vinyl records.

But these are niche, and not enough to support a video rental "industry".
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#63
starspawn0

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The Retail Apocalypse Now Threatens Drugstores Too

https://www.washingt...f5d6_story.html

CVS Health Inc., America’s biggest pharmacy chain, rang a warning bell in February with a disappointing 2019 forecast that reflected pressure on its prescription-drug business. A month later, Rite Aid Corp., another big pharmacy operator, jettisoned executives amid continuing struggles as its stock price traded below $1. Then on Tuesday, No. 2 chain Walgreens Boots Alliance Inc. announced dismal second-quarter results and slashed its full-year guidance. Its shares tumbled more than 12 percent as both retail and pharmacy performance fell substantially short of expectations.



#64
starspawn0

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Another article about how CVS and other drugstores are feeling the pressure:

https://www.bloomber...ens-drug-stores

Online shopping is draining the life out of them. CVS is trying its best to stay above water:

CVS has responded to these growing pressures by spending $68 billion on health insurer Aetna Inc. and committing to devoting big chunks of its stores to health-care services. It will be years before investors know whether that was a good gamble, but at least it’s trying something big. Walgreens looks more exposed. It has a diversifying European business, but U.S. pharmacies make up three-quarters of its sales. Its Tuesday earnings call emphasized internally driven digitization, changes to its stores, and “transformational cost management” as strategic priorities.


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#65
wjfox

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Debenhams falls into hands of lenders
 
9 minutes ago
 
Control of Debenhams has fallen into the hands of its lenders as part of a pre-pack administration process.
 
Debenhams has 165 stores, which will initially continue to trade, although about 50 branches had already been earmarked for closure in the future.
 
The department store rejected last-ditch rescue offers from Mike Ashley's Sports Direct, which has been locked in an acrimonious battle for control,
 
Its lenders are made up of High Street banks and US hedge funds.
 
These include Barclays and Bank of Ireland, as well as Silver Point and GoldenTree.
 
Debenhams employs about 25,000 people. As well as the planned closures, it has also been renegotiating rents with landlords to tackle its funding problems.
 
 
 
Share price:
 
R18iSUr.jpg


#66
kjaggard

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More than 6,000 stores are closing in 2019 as the retail apocalypse drags on 

http://www.businessi...CTZR8mXYsHGXgM4

 

 

Walmart is quietly closing stores 

http://www.businessi...ing-list-2019-3


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#67
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#68
wjfox

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The retail apocalypse has claimed 6,000 US stores in 2019 so far, more than the number that shut down in all of 2018
 
The retail apocalypse is raging on with almost 6,000 store closings announced so far in 2019 — more than the entirety of last year.
 
According to a new report from Coresight Research, US retailers have announced 5,994 store closings this year, compared with 5,864 store closings in all of 2018.
 
The recent announcement by the pharmacy retailer Fred's that it would close more than 150 underperforming stores sees it join a growing list of retailers that are shuttering brick-and-mortar stores in a bid to save money during the rise of e-commerce.
 
[...]
 
Coresight Research CEO Deborah Weinswig predicted that this trend would continue. "The flood of store closures will likely continue for quite some time," she said.
 
An April UBS report predicted that 75,000 stores would close across North America from this year to 2026. It said e-commerce would make up a quarter of total retail sales by then.
 

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#69
Alislaws

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The retail apocalypse has claimed 6,000 US stores in 2019 so far, more than the number that shut down in all of 2018
 
The retail apocalypse is raging on with almost 6,000 store closings announced so far in 2019 — more than the entirety of last year.
 
According to a new report from Coresight Research, US retailers have announced 5,994 store closings this year, compared with 5,864 store closings in all of 2018.
 
The recent announcement by the pharmacy retailer Fred's that it would close more than 150 underperforming stores sees it join a growing list of retailers that are shuttering brick-and-mortar stores in a bid to save money during the rise of e-commerce.
 
[...]
 
Coresight Research CEO Deborah Weinswig predicted that this trend would continue. "The flood of store closures will likely continue for quite some time," she said.
 
An April UBS report predicted that 75,000 stores would close across North America from this year to 2026. It said e-commerce would make up a quarter of total retail sales by then.
 

 

Kind of amazing that online retail isn't already 25%,from the perspective of someone who knows about and uses the internet!


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#70
starspawn0

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75,000 stores would close across North America from this year to 2026. It said e-commerce would make up a quarter of total retail sales by then.

 

i'm guessing they didn't take into account faster delivery methods.  That should bring down stores even faster.  The only reason I shop at stores is that it's quicker -- but if I could order online and have a drone or robot or Uber deliver to me within an hour or two, I would never shop in stores.  

 

Accelerating comfort and familiarity with online shopping will also speed it up.  As more baby boomers that don't shop online die, a new generation that shops online will take their place.  That probably is taken into account in the UBS analysis.


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