If you have not yet heard the news Macy’s has announced that it is closing 100 stores and is moving to sell more online. Other notable retrial stores is probable like Best Buy and Sears.
From a retail standpoint, Macy’s has missed the boat coming to the realization regarding the potential of online commerce too late. Amazon, and eBay are far ahead and will remain the gold standard when it comes to non grocery online commerce.
Was not going away supermarkets is more more companies like Aldi and whole foods and Publix continue to grow gradually. They are building more and more stores all across the country to a nation hungry for food.
Now what these retailers need is an online component to deliver groceries too. They better act soon or Amazon and Walmart will gobble up the market.