badbobby wrote:
other stores do compete
at least grocery wise
krogers for one
Aldi and another German store are giving Wal-Mart a go in groceries.
Check this:
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Retail Broker: 23,000 Stores to Shut by End of Next Year
Image: Retail Broker: 23,000 Stores to Shut by End of Next Year
Mary Katherine Wynn | Dreamstime.com
Friday, 09 Jun 2017 09:48 AM
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As if malls didn’t have enough problems, count one more: retailers looking to slash the duration of their leases.
After more than a dozen bankruptcies this year contributed to thousands of store closures, visibility for the industry is so poor that retailers are pushing for lease renewals as short as a year or two — down from five to 10 years.
“You’re certainly seeing the renewals geared toward the shorter term, rather than the five-year renewal,” said Andrew Graiser, head of A&G Realty Partners. Retailers are now struggling to figure out how many stores they actually need, he added, and landlords are looking at them “with a much closer eye than they did before.”
Somewhere between 9,000 and 10,000 stores will close in the U.S. this year, said Garrick Brown, vice president of Americas retail research for commercial broker Cushman & Wakefield — more than twice as many as the 4,000 last year. He sees this figure rising to about 13,000 next year.
“Everyone’s trying to figure out where the bottom of the market’s going to be,” Brown said. He estimates it could occur in 2018 or early 2019.