February 17, 2014 – NPR – Demographic Shifts Contribute To The Changing Face Of Retail
So far this year, retail chains have announced some heavy cuts. J.C. Penney said it would close 33 stores. Macy’s said it would lay off 2,500 workers. Sears will close its flagship Chicago store in April.
That’s creating a glut of excess space. But that’s just one of several forces changing the face of retail.