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There’s Huge Upside in the Worst Retail Disaster in History

Tuesday, November 29, 2016 3:41
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(Before It's News)

By all accounts, 2016′s “Black Friday” was a success, surpassing $3 billion in sales for the first time in history. That might be welcome news for a retail industry that is now unambiguously in crisis, but most of the record spending was done online.

That’s just another nail in the coffin for an industry that’s seen a raft of bankruptcies lately, with mall-based fixtures like Sports Authority, RadioShack, Aéropostale, American Apparel, and PacSun all going belly-up.

I’m not trying to spoil anyone’s festive mood, but it’s my job to call it as I see it: This trend for these traditional retailers points straight down. No matter how much you personally spend this shopping season (and I do hope you get some good deals), the explosion of ecommerce, along with weak and/or increasingly selective consumers, makes traditional retailers’ destruction inevitable.

But hardly anyone is falling faster or harder than this turkey, which means we have to move quickly…

Tags: Stocks

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The post There’s Huge Upside in the Worst Retail Disaster in History appeared first on Money Morning – We Make Investing Profitable.

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