Store Closings Have Industrial-Sized Silver Lining
Owners of the warehouses used to fulfill online orders stand to benefit from online shopping shift.
This article is for subscribers only.
Retail downsizing and bankruptcy filings have led to the highest number of store closures in the U.S. so far this year since 2010 -- and that was before Macy's said it would shutter 12 percent of its base last week.
While that's bad news for the impacted workers and local economies in the closing locations, it's a necessary step for retailers as they refashion themselves to cater to an accelerating consumer shift toward online shopping.