On Friday we wrote about the sad state of U.S. department stores. Specialty stores are having difficulties too.
Today comes word women's clothing retailer The Limited will close all 250 of its stores and continue to operate only as an online marketer. See an Associated Press story on the Star-Telegram website. Hat tip to Lucianne.com for the link.
Many tens of thousands of low-level retail jobs are going away, being killed by the likes of Amazon. Savvy firms are following suit by going online.
It has to be good news for UPS and Fedex, maybe USPS too, as they get to deliver the goods, at least for now. Manufacturers of packing materials - cardboard boxes and bubble wrap - should do well, too.
