In the past closing stores was a sign of failure. Now a days you close stores and your stock price increases?
Money for nothing and your chicks for free I guess.
it's all about earnings per share. Drive it up, and people and analysts and buyers are happy. If this change makes the companies more viable into the future for shareholders, how would that be a bad thing?
Seriously, retail is dead. Everybody is buying everything online. I resisted for many years because I was older and set in my ways. But now I pretty much get everything delivered to my house with a mouseclick. Peanuts from Virginia. Computer parts from California. Shirts from Maine. Books delivered directly to my Kindle from up in the cloud (on clear days, I might have to hunt down a brick and mortar bookstore).
Yes, it's happening. I sit out in my yard and I see nothing but brown UPS trucks and white FedEx trucks cutting through my neighborhood. All laden with consumer goods people are purchasing online.
We still have a lot of people going to retail stores but we are rapidly reaching a tipping point.