Tuesday, July 5, 2016

Amazon is Crushing Mall Stores

Retail stores are closing at the highest rate since the 2010, and industry observers think the worst is yet to come.  Department store retailers and national chains that sell clothing got hit the worst.  Amazon, with its easy online interface and next day delivery, is growing.  It's easy to comparison shop online so department stores can't raise prices to cover overhead as sales volume drops. So  stores close.

In 2015, the states that were hid hardest by retail store closings were Arizona, California, Florida, Pennsylvania and Ohio.  

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