Nordstrom. Walmart. Whole Foods. Starbucks. CVS.
These big chains and others have closed stores in major US cities recently, raising alarm about the future of retail in some of the country’s most prominent downtowns and business districts.
Advertisement
Several forces are pushing chains out of some city centers: a glut of stores, people working from home, online shopping, exorbitant rents, crime and public safety concerns, and difficulty hiring workers.
To reinvent downtown retail, drastic changes may be required.
[There’s something the lad missed in his reporting and it stands out like a sore thumb, it’s SO obviously a factor – WHAT cities are losing their stores? BLUE cities. Deep B-L-U-E cities. Somehow that pretty important point escaped him. ~ Beege]
Join the conversation as a VIP Member