This week’s Courier Herald column:
JCPenney, once among the nation’s largest and proudest retailers, announced last week that it would be closing an additional 138 stores nationwide. Five Georgia stores, including those in Dublin, Macon, Milledgeville, Thomasville, and Tifton will be shuttered.
While JCPenney has had recent struggles trying to define its brand and marketing mix, it is not an outlier in the retail landscape. Macy’s announced in January that it is closing 68 stores nationwide including their Athens location in Georgia Square Mall. Sears Holdings, which operates both Sears and K-Mart stores, is also planning on 150 store closures this year, including Georgia locations in Columbus, Cornelia, Kingsland, and Savannah.
The trend against many established big box retailers is strong, and appears to be growing. There are also signs that it’s not just department stores experiencing capacity issues. A recent Atlanta Journal Constitution report suggests that the metro area may have too many grocery stores.
While some of the closures are due to newer, smaller, and more nimble competitors entering the market, it’s now also easy to see a broad shift from large brick and mortar retailers to internet sales channels. The days of the internet being a new fragile frontier of commerce are over. Continue reading “It’s Time To Tax Internet Sales”