Hayley Peterson — The retail apocalypse has officially descended on America

Visits to shopping malls have been declining for years with the rise of e-commerce and titanic shifts in how shoppers spend their money. Visits declined by 50% between 2010 and 2013, according to the real-estate research firm Cushman & Wakefield.

Not just Sears.

Business Insider
The retail apocalypse has officially descended on America
Hayley Peterson

Reuters — U.S. shoppers spend 3.5% less yoy over holiday weekend amid discounting

NRF Chief Executive Officer Matt Shay said the drop in spending is a direct result of the early promotions and deeper discounts offered throughout the season.

Reuters
U.S. shoppers spend less over holiday weekend amid discounting

Nandita Bose