Store closures, slow shipping could lower retail prices

The Coronavirus pandemic can lead to much lower retail prices for certain categories, as store closures and product returns caused by slow shipping lead to storage space. The problem can be divided into two broad categories: excessive discounted inventory and slow delivery-induced returns. Discounted stock Some retail sectors may face a significant increase in discounted … Read more Store closures, slow shipping could lower retail prices

Closures of physical stores hit a new height in 2019

Closing of retail stores in the United States reached 9,302 in 2019. The largest contributor was Payless ShoeSource, which declared bankruptcy and closed all its 2,100 stores. 2019 was not a good year for brick and mortar stores. As of November 1, U.S. stores reached 9,302, a 59 percent increase over 2018, according to Coresight … Read more Closures of physical stores hit a new height in 2019