PYMNTS
NOVEMBER 24, 2019
As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand. UBS also reported in April that online shopping by the average U.S.
PYMNTS
APRIL 16, 2019
Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. merchants this year already have said they will shutter nearly 6,000 physical retail locations – that’s more than the nearly 5,900 closings for the entire year of 2018.
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PYMNTS
MAY 7, 2019
As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. We’re in the middle of a multi-year retail purge.
PYMNTS
APRIL 25, 2019
Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. The year got off to a bumpy start for the retail chain, as holiday sales slumped when they were supposed to soar.
PYMNTS
APRIL 11, 2019
A new report by investment firm UBS warns that an estimated 75,000 stores are likely to shut down by 2026. Analysts said the closures would affect a variety of retailers, including an estimated 21,000 apparel stores, 10,000 consumer electronics stores and 8,000 home furnishing stores. We’re in the middle of a multiyear retail purge.
PYMNTS
AUGUST 8, 2019
At that time, the retailer also shuttered 200 locations. In separate news, a UBS report warned that an estimated 75,000 stores are likely to shut down by 2026. spent $5,200 online in 2018, an increase of nearly 50 percent from five years earlier. The news represents the biggest round of store closures for Walgreens since 2015.
PYMNTS
NOVEMBER 2, 2016
Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4
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