Like swimsuits marked 70% off in October, third-quarter retail sales were a little short when it came to physical presence, yet long in revealing the problem spots for major retailers.
Among those spots are online sales, which will evidently play a larger role in determining how well retailers perform through the holidays. The earnings reports of several major merchants showed that even when beating Wall Street estimates, brick-and-mortar stores are seeing declines due to online competition.. . . more