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Economy

Sherman A1

(38,958 posts)

3. The sand has been shifting under the Retail Sector for a very long time

Reply to Farmer-Rick (Reply #2)

Wed Jan 8, 2020, 02:26 PM

Jan 2020

staring back in the 1980s with the overbuilding of retail space, the leveraged buyouts, automaton, streamlining operations, the advance of computerization in the back offices, distribution and then the sales floor, not to mention changes in technology making some products obsolete and an aging Baby Boom Generation that don't need as much stuff.

AI will replace many of the remaining jobs in the sector within the next 5-10 years by my guess and as much as "Do you want fries with that?" sounds like the next path in the downward spiral, those jobs will be gone as well replaced by AI and automation.

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Highlight:

Pier 1 will close up to 450 stores [View all] Sherman A1 Jan 2020 OP

Once upon a time BillyBobBrilliant Jan 2020 #1

So Macy and Pier 1 are closing hundreds of stores but not to worry Farmer-Rick Jan 2020 #2

The sand has been shifting under the Retail Sector for a very long time Sherman A1 Jan 2020 #3