The retrenchment comes as shoppers move online and begin to embrace smaller, niche merchants. As a result, many major chains now find themselves victims of a problem of their own making, having elbowed their way into so many locations that the nation now has more retail square footage per capita than any other. To use the industry vernacular, they are simply “overstored.”You can add "overleveraged' to overstored to describe the trouble facing many retailers. I think I am part or the problem because I seek out and shop at "smaller, niche merchants." It is time to start razing malls and building housing.
Thursday, April 06, 2017
Here is a Washington Post article on the troubles facing malls and retailers. This passage is a great summary of the current retail environment: