Friday, March 10, 2017

Retail chains are floundering and it's not because of Amazon

Image result for macy's closingIs Amazon really the killer everyone says it is?

More retailers are on the brink of death than any time since the Great Recession, according to ratings firm Moody's. Hundreds of department stores are closing, and once-chic clothing brands are barely treading water — or, in the case of American Apparel and The Limited, recently departed.

In that kind of atmosphere, it's easy to point a finger at the 800-pound gorilla — the one with a history of eating bookstores for breakfast (and now, ironically, building its own).. . . more

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