Is it the end or just a correction?

The former Six Flags Mall in Arlington TX by Timcdfw from WikiCommons

A headline in today’s Seattle Post-Intelligencer proclaimed  “The retail apocalypse has officially descended on America.”  Quite a dire news story.  While the news is of some concern given the shear number of store closures and the job loses they represent, it does not reflect the end or apocalypse of retail.  Part of the contraction that we are seeing is the continuing trend of shoppers buying on-line: but another significant issue is the glut of retail space.

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