– Brick & Mortar Meltdown Hits These Stores the Most:
They’re the primary stores at malls.
It happens category by category as commerce shifts bit-by-bit to the Internet: Music stores and video stores got wiped out first, then came bookstores. Shops that are able to offer something the Internet does not offer can thrive, but the overall brick-and-mortar bookstore category is a mere shadow of its former self. Department stores got hit hard starting in 2001. Over the past few years, shoe stores got hit, when 15 years ago everyone said that no one would ever buy shoes online. Sporting goods stores are under fire. Small toy stores got mostly wiped out by big toy stores, such as Toys “R” Us, and by Walmart, Target, and other large retailers, But now the Internet is taking out the big toy stores…
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H/t reader eric:
“As predicted.”
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