Many Physical Retailers Reaching Breaking Point, Can’t Compete With Online Retailers: Economist

Steve Lance
By Steve Lance
February 28, 2024Capitol Report

Macy’s announced Tuesday that it plans to close 150 department stores by 2026, including 50 stores this fiscal year.

Peter Earle, a senior research fellow at the American Institute for Economic Research, says physical retailers cannot compete with online retailers on cutting prices, and many physical retailers are reaching the breaking point.


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