WEB Notes: E-commerce is bringing in more customers, however it’s not suddenly taking over. Sales are down for retailers big time. It couldn’t have anything to do with the 92 million American’s no longer in the labor force could it? Or the continued collapse of the Baltic Dry Index?
(CBS) – Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores. On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It’s the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy’s.