What is the future of retail? Is it dying? Is it prospering? Many of the articles we read (especially this week) point towards brick and mortar stores going out of business. Walmart abruptly closing 63 stores on Thursday makes a strong case for this theory.
My personal opinion is that retail is here to stay. While shopping malls may not be flourishing, smaller strip centers are popping up all over. Big box shadow anchors are exceeding expectations and national credit is not shying away from the Collin and Dallas county push.
Below are a few articles that I found interesting this week:
Walmart is abruptly closing 63 Sam’s Club stores and laying off thousands of workers
Future Of Malls? The Price For Overbuilding Is Coming Due
22% Of Amazon Echo And Google Home Owners Shop By Voice; Sales Doubled In 2017
Lower Greenville Restaurant Fights Back Against Post-Construction Slump
Maxus Realty Trust Buys Large Portion of Frisco Square
Former Walmart.com CEO says Walmart store closures are a good sign for e-commerce
Quiksilver parent company to buy Australia’s Billabong for about $155 million
Neiman Marcus Names Geoffroy van Raemdonck Chief Executive
What’s Amazon’s Next Acquisition Target? Retail Experts Share Their Picks
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
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Tim Lepore 