On a nine-block stretch of what’s arguably the world’s most famous avenue, steps south of the bustling Time Warner Center and the planned new Nordstrom department store, lies a shopping wasteland.
It’s alive! Much like Frankenstein’s monster, the automobile market has been jolted back to life by an external shock, this one in the form of the hurricanes which pounded large swaths of the United States last summer.
2017 was a perfect storm for "brick and mortar" retailers wit no less than 30 retail chains filing for bankruptcy in a year in which the CEO of Urban Outfitters said the "retail bubble has now burst." Unfortunately, what is coming may be far worse...
In February Macy’s joined the parade of retailers leaving the Plenti rewards program that was launched by American Express in 2015 when Costco switched from the American Express Card to Visa.