Wolf Richter — What NCR just Said about the American Retail Quagmire

Retail demand tanking.

NCR, a thermometer into the retail industry beyond the latest sales statistics, has noticed that brick-and-mortar retailers are cutting back. And they’re not just cutting back buying point-of-sale devices; they’re cutting back, period. “Ongoing retail consolidation,” Nuti called it. And some are using bankruptcy courts to do it.

Wolf Street
What NCR just Said about the American Retail Quagmire
Wolf Richter