The retail sector’s in freefall as e-commerce shift drives store closures
April 07, 2017 at 12:25 PM EDT
The U.S. retail industry is shedding jobs at an unparalleled pace outside of recession and stands to lose many more as the industry continues to shrink its physical footprint, a response to the shift in consumer shopping habits away from purchasing in stores and malls in favor of e-commerce.