Re:Busted retailers use bankruptcy to break leases by the th...
by AniseAbyss on Friday August 07, 2020 @05:18AM
(#24079971)
I like to joke that the US economy depends on how much crap people buy in December (and many, many factories in China depend on it too).
Pretty sure that already happened. The US built waaay too much retail space[1], and still[2] has an overhang in most markets. And yea, Amazon kinda ate the Sears / JCPenny lunch, which has not helped matters.
[1]: https://qz.com/1032723/theres-much-more-empty-retail-space-i... [2]: https://amp.cnn.com/cnn/2020/01/08/business/macys-store-clos...