The Retail Apocalypse (major stores closing)

[Honeycombe8]

17. The malls were YUGELY successful, though.

That's why they opened.

But they did kill Main Street shops.

But it is a little different when it's a mall of different shops vs one store, like a WalMart or Amazon.

Wages got killed in part because the stores had a lower margin of profit and the power to pay less (no competition). The stores bought from China because of lower cost, because that's what the consumer wanted (who doesn't want lower prices?). So the employees who got paid less could buy things at lower cost from China.

It's a vicious cycle.

Ultimately, I think it's a population problem. Too many people wanting too many things at lower cost, and really fast. We've all seen the complaints in product reviews about slow shipping (people want it NOW), complaining that her order for a birthday in 2 days didn't get delivered the next day - how dare they do that to her! (Any fool knows you don't order online if you definitely need it the next day.)

Now Amazon is rolling out same day delivery, which I think is ridiculous. They're going after the little business that's left to local stores. Like a monster gobbling up everything. I just think it's scary and very detrimental to the country.