Insights for 10-16-20

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"We’re over-stored in terms of square footage. It’s just too much, and so we’re going through a reckoning and a natural downsizing and who’s getting squeezed here is sort of the traditional, the ‘boring middle’ of retail."

Andrew Lipsman, a principal analyst at eMarketer, commenting in this week’s CNBC report, “Beyond Amazon Prime Day: 4 ways e-commerce has shaken up the retail industry over the past 5 years.”