Tuesday, January 3, 2017

Expect more store closings despite big holiday sales

In a sign of how dramatically the landscape is changing when it comes to shopping, experts say don't expect any let up in store closings in 2017 just because retailers just had biggest growth in holiday sales in five years.

Consumers finally opened their wallets, making purchases on everything from toys to apparel. But a record amount of the spending for the season went to online sellers. And when the droves eventually showed up in stores, much of the foot traffic was driven by discounting.. . . more

No comments: