The Wealth Gap is a retail problem

This month marks the 10 years of economic growth on Wall Street, not so for Main street. That’s hardly good news for retailers, considering how many have had to shutter stores, more so far this year than all of 2018, and work to address new shopping preferences and, in some cases, declare bankruptcy. If howls…

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End of week news, retail and jewelry

As e-commerce climbs to a 25 percent of the retail market by 2026, it is expected that there will be 75,000 more store closings. Of that there are 21,000 clothing stores, 10,000 consumer electronics, 8,000 home furnishing stores, and 1,000 home improvement stores. For every 1% increase by e-commerce, means a store closing of 8,000…

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