'BCBG Max Azria' Rumored To Be Among Retail Casualties
As word comes that BCBG Max Azria prepares for bankruptcy, it's no surprise to mall retailers, some operating in the department store channel, who are closing low performing stores with a few opting to sell online only. However there's also talk about how online shipping prices will hasten the demise of brick and mortar stores.
The rise in online shopping, in some way, can be attributed to Amazon's phenomenal retail success. However most analysis of the current retail environment also point to the lifestyle and shopping habits of millennials as the main reason mall retailers are taking a huge hit in foot-traffic.