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Business Insider reports that "retailers are bracing for a fresh wave of store closures at the start of the new year. The industry is heading into 2017 with a glut of store space as shopping continues to shift online and foot traffic to malls declines, according to analysts."

The story goes on to say that "nearly every major department store, including Macy's, Kohl's, Walmart, and Sears, have collectively closed hundreds of stores over the last couple years to try and stem losses from unprofitable stores and the rise of e-commerce.

"But the closures are far from over.

"Macy's has already said that it's planning to close 100 stores, or about 15% of its fleet, in 2017. Sears is shuttering at least 30 Sears and Kmart stores by April, and additional closures are expected to be announced soon. CVS also said this month that it's planning to shut down 70 locations.

"Mall stores like Aeropostale, which filed for bankruptcy in May, American Eagle, Chicos, Finish Line, Men's Wearhouse, and The Children's Place are also in the midst of multi-year plans to close stores.

"Many more announcements like these are expected in the coming months."
KC's View:
This shouldn't be a surprise to anyone, though I think it'd be a mistake to ascribe it only to the growth of e-commerce. I think in a lot of these cases it is because the businesses did not continually reinvent their retailing entities ... they got complacent. And then irrelevant.

There is no retailer out there who should think that this cannot happen to them. Because it can.