Retailers Filing for Bankruptcy at a Record Rate
I have written previously about the struggles of Gander Mountain and Payless Shoe Source, and they are not alone according to a recent Bloomberg article. Retailers are filing bankruptcies at a record rate. The cause? Online shopping. As more and more people shop online, brick and mortar establishments are closing stores at a rapid rate. There is a silver lining to this cloud. Rents for retail space are going down!