Future of retail stores

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A NEW REPORT SAYS
12-THOUSAND RETAIL ST
ORES WILL CLOSE THEIR
DOORS FOR GOOD … BY
THE END OF THE YEAR. COREY RANGEL SHOWS
US — THERE MIGHT BE A
GLIMMER OF HOPE FOR
STORES. THEY’RE ACTUALLY
COUNTING ON SOME
UNEXPECTED
SHOPPERS.

THE SUCCESS OF
ONLINE SHOPPING CONTINUES TO PUT A
STRAIN ON RETAIL
STORES. FORCING A
WAVE OF CLOSURES AND
BANKRUPTICIES. ACCORDING TO
U-S COMMERCIAL REAL
ESTATE SERVICES:
RETAILERS ARE LEAVING
SHOPPING MALLS AT THE
FASTEST RATE SINCE AT LEAST 2010. NAT POP
THE SUCCESS
OF ONLINE SHOPPING
HAS BEEN ONE OF THE
BIGGEST THREATS TO
U-S MALLS. BUT RETAIL
BUSINESSES ARE
HOLDING ON TO A
GLIMMER OF HOPE. GEN Z’ERS, LIKE
15-YEAR-OLD ANNIE
RICHARDSON, LIKE
GOING TO THE MALL. MOSTLY JUST CLOTHES. A LOT OF TIMES WHEN I
GO WITH MY FRIEND WE
ALWAYS STOP FOR FOOD
OR LIKE ICE CREAM OR
SOMETHING LIKE THAT. GEN Z’ERS ARE
BETWEEN THE AGES OF 7
AND 22
ACCORDING TO
A STUDY, ABOUT 95
PERCENT OF THEM VISITED A SHOPPING
CENTER IN A THREE-
MONTH PERIOD LAST
YEAR. AND THE
MAJORITY OF THEM SAY
THEY LIKE GOING TO THE MALL MORE THAN
SHOPPING ONLINE. I THINK IT’S SO MUCH
BETTER THAN ONLINE
SHOPPING. YOU GET TO
SEE THE CLOTHES IN
PERSON. I THINK IT’S A
GOOD WAY TO SPEND TIME WITH YOUR
FRIENDS. YOU’RE BOTH
DOING SOMETHING YOU
LIKE. RETAILERS ARE
FINDING NEW WAYS TO
GET CUSTOMERS IN
THEIR STORES. SOME BUSINESSES LIKE
FOREVER21 ARE
OFFERING DISCOUNTS IF
SHOPPERS TAKE A
PICTURE OF
THEMSELVES AT THE STORE AND POST IT ON
SOCIAL MEDIA. A NEW WAY TO
GET CUSTOMERS IN THE
DOOR AND TO SPEND
MONEY. I’M COREY
RANGEL REPORTING.

MORE HEADLINES –
COMING UP AFTER THE
BREAK HERE

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