Wipeout! US Department Store Sales Hit A New Record Low Since 1992 (Retail REIT And CMBS Alert!)

The US Commerce Department reported that Department stores are a “wipeout.”

E-commerce is wiping out brick and mortar stores are a rapid rate.

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At the same time, e-commerce sales are rising rapidly.

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It’s not the end of the world for bricks and mortar shopping. Consumers still eat at out at restaurants, use fitness clubs, bars, etc. But it does cause a rethinking of retail REIT and CMBS valuation and growth projections.

wipo

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