Tuesday, September 24, 2019

Mass retail store closures will continue to rip through the US: Goldman Sachs

Yahoo Finance
The great retail store closure wave that has gripped America amid the push to online shopping won’t be ending anytime soon.

In fact, Goldman Sachs thinks it will probably get even worse.

“Our REITs team does not expect a near-term reversal of store closures from retail tenants, which should continue to result in eCommerce share gains, in our view,” says Goldman Sachs analyst Heath Terry in a new research note to clients on Tuesday.. . . more