I wrote the following in April of 2013" “'When will the tipping point for big box retailing occur?” That moment when the internet has syphoned off just enough consumers so that it is no longer possible to maintain 200,000 square foot stores and the multiplicity of distribution centers that support them."
I wrote that in an article entitled "The Coming Retail Sea Change." What I find particuarly interesting about that article now is that in it I quoted author, Michael Hiatt, writing for Retailing Today (“The Ultimate Age of Retail”) that we would begin seeing big box retailer store closings in 2016. Now, that turned out to be one solid prediction.
So, expect more store closings this year as well as possibly fewer checkouts as bricks and mortar retail adapts to a rapidly changing landscape.