US Department Store Sales Lowest Since 1992 (Retail REIT and CMBS Alert!)

The US Commerce Department reported that Department stores are a “wipeout.”

E-commerce continue to wipeout brick and mortar store sales.

https://confoundedinterestnet.files.wordpress.com/2019/03/screen-shot-2019-03-15-at-11.59.42-am.png?w=621&h=277

At the same time, e-commerce sales continue to rise.

https://confoundedinterestnet.files.wordpress.com/2019/03/screen-shot-2019-03-15-at-12.00.35-pm.png?w=621&h=282

It’s not the end of the world for bricks and mortar shopping. Consumers still eat out at restaurants, use fitness clubs, bars, etc. But, it does cause a rethinking of retail REIT and CMBS valuation and growth projections.

https://confoundedinterestnet.files.wordpress.com/2019/03/wipo.jpg?w=625

Source: Confounded Interest

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.