Retail Apocalypse Heats up 6,700 stores have closed in 2017

2017 has become the worst year for store closings in the United States possibly since the Great Depression. There is a strong possibility that the actual number of store closings might exceed 10,000. Such a number is possible because analysts like Credit Suisse may not be counting franchisees and mom and pop stores that will also be going under.

Read more

Amazon’s Latest Victim

One thing is certain: Sports Authority will be far from Amazon’s last victim. It is going to leave the retail battlefield strewn with corpses. Smaller e-tailers, hedge fund operators and other scavengers will follow Amazon on its killing spree in order to feast on those corpses.

Read more