The Big Missteps That Brought an American Retail Icon To The Edge Of Collapse
– The Washington Post
The trouble at Sears “represents the loss of this long arc of retail history,” said Vicki Howard, a historian at University of Essex in Britain, who has written a book about department stores. “It does seem quite dire. It does seem like we’re at some kind of turning point.”
Up To 25% Of U.S. Shopping Malls May Close By 2022, Credit Suisse Report Says
– The Chicago Tribune
Between 20% and 25% of the nation’s shopping malls will close in the next five years, according to a new report from Credit Suisse. Some retail experts think the impact of e-commerce will be even worse.
Wal-Mart Tries Using Store Workers to Deliver Online Orders
– The Wall Street Journal
Someone in a blue vest could deliver your next online purchase. Wal-Mart Stores is testing a program in which store workers deliver some orders placed on Walmart or Jet, a sign of how the retailer hopes to use its 4,700 U.S. stores to its advantage in its battle against Amazon.
More People Will Work In The Gig Economy Than Finance By 2021
– The New York Post
There’s a growing demand for on-demand jobs. The gig economy, which includes the freelance workers driving your Uber, doing your Task Rabbit chores or hosting your Airbnb, is expected to double to 9.2 million people over the next four years.