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Retail Store ‘Bubble’ Has Burst and CEOs Search for Answers
Declining foot traffic, falling profit margins have forced many chains to scale back
https://www.wsj.com/articles/retail-store-bubble-has-burst-and-ceos-search-for-answers-1489838402
Undated: The retail apocalypse is the closing of a large number of North American brick-and-mortar retail stores, especially those of large chains, starting in 2010 and continuing through 2018.[1][2] Over 12,000 physical stores have been closed, due to factors such as over-expansion of malls, rising rents, bankruptcies of leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession,[2] and changes in spending habits. North American consumers have shifted their purchasing habits due to various factors, including experience-spending versus material goods and homes, casual fashion in relaxed dress codes, as well as the rise of e-commerce,[3] mostly in the form of competition from juggernaut companies such as Amazon.com and Walmart.
https://en.wikipedia.org/wiki/Retail_apocalypse
-- 2017 --
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March 9: America has way too many stores -- at a time when consumers are increasingly shopping online instead of at the mall. One retail CEO even compared the state of retail today to the housing bubble back in the mid-2000s.
http://money.cnn.com/2017/03/09/investing/retail-bubble-amazon-urban-outfitters-ceo/index.html?iid=hp-toplead-dom
April 4: Pop Goes the Retail Bubble
That hissing sound you hear is the air coming out of the retail bubble. According to a recent CNBC report, nine retailers have already filed for bankruptcy in 2017. That equals the total number of retail bankruptcies in 2016 and puts the industry on pace for the largest number since 2009, when 18 retailers went belly-up in the wake of the 2008 financial meltdown.
https://schiffgold.com/key-gold-news/pop-goes-retail-bubble/
April 12: Bubble in Retail Space – Strip Malls Dying
http://www.norcalblogs.com/postscripts/2017/04/12/bubble-retail-space-strip-malls-dying/
June 7: Retailers built too many stores and the bubble is bursting
https://www.digitalcommerce360.com/2017/06/07/retailers-built-too-many-stores-and-the-bubble-is-bursting/
June 28: President Trump has resumed his long fight with Amazon and its founder Jeff Bezos.
http://money.cnn.com/2017/06/28/technology/business/trump-amazon-taxes/index.html
July 16: Will the death of US retail be the next big short?
https://www.ft.com/content/d34ad3a6-5fd3-11e7-91a7-502f7ee26895
August 30: The Retail Bubble - How to Compete in an Era of Change
https://www.liferay.com/blog/en-us/digital-strategy/the-retail-bubble-how-to-compete-in-an-era-of-change
November 18: America’s ‘Retail Apocalypse’ Is Really Just Beginning
https://www.bloomberg.com/graphics/2017-retail-debt/
December 24: New York's vanishing shops and storefronts: 'It's not Amazon, it's rent'
Vacant storefronts are becoming more noticeable in the capital of consumption, as small retailers are being pushed out by wealthy investors
https://www.theguardian.com/business/2017/dec/24/new-york-retail-shops-amazon-rent
-- 2018 --
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January 5: A staggering amount of U.S. retail stores closed in 2017
An estimated 7,795 U.S. retail store closures were announced in 2017, according to a new research note from UBS, setting a new record.
https://finance.yahoo.com/news/staggering-amount-u-s-retail-stores-closed-2017-161401876.html
January 30: Trump’s stock market bubble is about to burst, David Stockman says
https://www.foxbusiness.com/markets/trumps-stock-market-bubble-is-about-to-burst-david-stockman-says
August 9: Trump blowing more air into Obama’s economic bubble
https://www.foxbusiness.com/economy/trump-blowing-more-air-into-obamas-economic-bubble-peter-schiff
April 22: Nearly Ten Thousand Stores Could Close This Year As Retail ‘Bubble’ Bursts
https://dailycaller.com/2017/04/22/nearly-ten-thousand-stores-could-close-this-year-as-retail-bubble-bursts/
September 5: Disaster Is Inevitable When America's Stock Market Bubble Bursts
Despite the volatility and brief correction earlier this year, the U.S. stock market is back to making record highs in the past couple weeks. To many observers, this market now seems downright bulletproof as it keeps going higher and higher as it has for nearly a decade in direct defiance of the naysayers' warnings. Unfortunately, this unusual market strength is not evidence of a strong, organic economy, but of an extremely unhealthy, artificial bubble economy that will end in a crisis that will be even worse than we experienced in 2008.
https://www.forbes.com/sites/jessecolombo/2018/09/05/disaster-is-inevitable-when-americas-stock-market-bubble-bursts/#2df32f641b82
-- 2019 --
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April 9: The retail apocalypse is far from over as analysts predict 75,000 more store closures
https://www.businessinsider.com/retail-apocalypse-thousands-store-closures-predicted-2019-4
May 21: Some of the United States’ most prominent retailers are shuttering stores or declaring bankruptcy in recent months amid sagging sales in the troubled sector.
The rise of ecommerce outlets like Amazon has made it harder for traditional retailers to attract customers to their stores and forced companies to change their sales strategies. Many companies have turned to sales promotions and increased digital efforts to lure shoppers while shutting down brick-and-mortar locations.
https://www.foxbusiness.com/retail/features-retail-apocalypse-bankruptcy-stores-closing
-- 2020 --
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