The Death of Retail – Major U.S. Stores Continue to Close Retail Locations

There went your free mall massage. The Amazon Effect's newest victim is famed tech gadget store Brookstone.

As retail stores across America continue to close, Wired Magazine reports that tech and gadget store, and massage chair mecca, Brookstone will close its remaining 101 mall storefronts. Ergo, no massages for you!

This continues a trend toward online shopping that Clark.com reported decimated retail last year. The following storefronts closed in 2017:

· Charming Charlie – 97 stores

· Sears & Kmart – 358 stores

· J.C. Penney – 138 stores

· Macy's – 68 stores

· J. Crew – 50 stores

· Payless ShoeSource – 800-900 stores

· Vitamin World – 51 stores

· Gap – 200 stores

· Perfumania – 64 stores

· Teavana – 379 stores

· Gymboree – 350 stores

· True Religion – 27 stores

· Ascena Retail Group – 268 Stores (Ann Taylor, Loft, Dress Barn, Lane Bryant, Justice, and others)

· Michael Kors – 100+ stores

· Rue21 – 400 stores

· Radio Shack – 1,000 stores

· Abercrombie and Fitch – 60 stores

· Guess – 60 stores

· Crocs – 160 stores

· The Limited – 250 stores

· Wet Seal – 171 stores

· American Apparel – 110 stores

· BCBG – 120 stores

· HHGreg – 220 stores

· Gamestop – 150+ stores

· Staples – 70 stores

· Family Christian – 240 stores

While these closings may seem staggering, they are likely just the beginning of a growing trend.In 2018 more storefronts have or will continue to close including:

· Sears & Kmart – 78 stores

· Fresh Market – 15 stores

· Chipotle – 65 restaurants

· Toys R Us – 735 stores

· Starbucks – 150 locations in 2019

· H&R Block – 400 locations

· Kroger – 14 stores

· Lord & Taylor – 10 stores

· Subway – 500 restaurants

· Bon Ton – 256 stores

· GNC – 200 stores

· J Crew – 20 stores

· Abercrombie & Fitch – 60 stores

· Foot Locker – 110 stores

· Best Buy Cell Phone Stores – 250 stores

· J.C. Penney – 8 stores

· Sam’s Club – 63 stores

· Macy’s – 11 stores

· Gap and Banana Republic – 200 stores

According to CNBC, Amazon's e-commerce sales in the U.S. are expected to reach a staggering $258.2 billion this year, up nearly 30 percent from a year ago. By the end of 2018, Amazon is projected to capture nearly half of the U.S. e-commerce market.

EMarketer.com predicts that by the end of 2018 the percentage of the top 10 US e-commerce sales (70.1% of the total market) will look like this breakout:

  1. Amazon – 49.1%
  2. eBay - 6.6%
  3. Apple - 3.9%
  4. Walmart - 3.7%
  5. The Home Depot - 1.5%
  6. Best Buy - 1.3%
  7. QVC Group - 1.2%
  8. Macy’s - 1.2%
  9. Costco 1.2%
  10. Wayfair 1.1%

Reality Changing Observations:

Q1. How do you think that the closing of retail storefronts will change theway human beings interact with one another?

Q2. What do you think the benefits and/or problems are with e-commerce shopping as opposed to shopping at a physical store in person?

Q3. What impact does e-commerce have on the poor?

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