For brick and mortar stores, the Retail Apocalypse is closing stores down like a slow-motion video of the asteroid event that took out dinosaurs 66 million years ago. While it may seem to drag on as we watch various species of retail collapse, I originally said this event would take, at least, three years (through the end of 2019) for the bulk of the impact to play out.
It was two years ago that I started writing about the damage that was to come and all the collateral damage that would ensue. I said that ultimately, it would take out malls all over the nation, nearby restaurants and eventually gas stations.
In February of this year, I wrote about the closure of shopping malls sweeping the nation as the damage is beginning to pile up, but we still have most of 2019 to go just for the main event to play out and then a long tail of collateral damage and dwindling store closures after that as death of one species ends the food chain of another and the circles of damage widen outward from the giants of retail that were the first to go because the least adaptable.
Read the rest here: The Great Recession