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Why the “Retail Ice Age” Isn’t Just Amazon’s Fault

1 | By Wall Street Insights and Indictments Staff

Abercrombie & Fitch, American Apparel, CVS, JCPenney, Macy’s, and Sears are just some of the large retail brands forced to close stores this year. Earlier this week, Toys”R”Us announced its bankruptcy filing, and analysts predict 25% of all shopping malls will close within the next five years. As increasing numbers of people turn to some form of online shopping, it’s no surprise brick-and-mortar stores are suffering.

In his latest appearance on Varney & Co., Shah Gilani discusses the FOMC meeting, Amazon.Com Inc. (NASDAQ:AMZN), and the reasons behind the drastic down-turn in American retail. Amazon might be the figurehead for online shopping, but it’s not solely to blame and neither is online shopping in general. Shah details how mass production and overindulgence played key roles in this “ice age.”

Click now to watch…


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