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With consumer purchasing preferences having a profound effect on brick-and-mortar stores, retailers have been forced to adjust to changing trends and find their place in the online market. Bloomberg BNA turned to Member Victor Sahn to weigh in on the challenges facing retailers.
“Even the behemoth Walmart is blinking under the glare of Amazon’s popularity and scrambling to find its place in the online marketplace,” said Sahn. “Malls are going to need to shrink or repurpose for other uses. They’re going to have to focus on ‘right-sizing their footprints.’”