The Real Reason Retail Is In Trouble

Today, yet another chain announced it is filing for bankruptcy, HH Gregg a consumer electronics retailer. The closings, downsizings and bankruptcies seem to be piling up faster and faster. It would be very easy to say there’s too many stores anyway and we’re probably heading for a recession and online sales are crushing bricks and mortar. Those are easy answers and may have some impact. But the reality is a little more complex.

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