Brick-and-mortar retail is going through a substantial shakeout in 2016. While retail sales overall have held up moderately well (up 3.1 percent in 2015), growth has stalled over the past several years. Virtually all the recent expansion in retail has been in online sales, rising by double digits annually.
Cushman & Wakefield, the international commercial real estate firm, reports that online sales (excluding autos) have nearly doubled since 2010, from 4.3 percent in 2010 to 8.1 percent today. RetailMetrix reports that visits to U.S. stores fell 6.4 percent in November and December, and individual retail chains are seeing similar trends.. . . more