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'Amazon Effect' Hits Retailers Around the Globe (axios.com)

Posted by msmash on from the meanwhile dept.

From a report: U.S. stores have been closing at a faster rate in 2017 than at any time since the recession, an American phenomenon being dubbed "retail apocalypse." Though this has so-far been largely a worry for U.S. retailers, the Wall Street Journal reports that investors in Europe are worried that it is now spreading abroad.

1 of 133 comments (clear)

  1. Re:Amazon is part of it... by sit1963nz · · Score: 4, Informative

    That may help a little, however I know a lot of people will use the knowledge of the local store to find out about a product (or even try it on in the case of clothes) and then buy online because it saves them money. Hell in some cases I can buy stuff from overseas and get it faster than buying local.