March 24, 2017
Where Has All the Shopping Gone?
By Joe Boyd Traditional retail is struggling. What might this mean to local churches in the United States? A giant of the American economy is slowly dying. You may not notice it yet because giants die at such a sluggish pace. Traditional American department stores are struggling. Over the last year Macy”s has closed nearly 100 stores and laid off 10,000 employees. Sears is also closing more than 100 stores after a 2016 holiday shopping season that dropped more than 12 percent from 2015. Kohl”s closed 18 stores and laid off more than 1,500 people in 2016. This isn”t Forbes
