Good Afternoon KTC!
The redefinition of retailing continues so it seems.
I live in a suburb about fifteen miles from Midtown Manhattan. At least half of the stores on our main street are sitting empty without tenants.
Like everywhere else in America I can get a better price on just about anything I want online and have it delivered in one or two days for free.
What is really going on?
Is it the perfect storm destroying our retail model?
Four dollar gas. Convenience of the internet.
Lower prices.
Our town is discussing rezoning some shopping areas into residential.