The U.S. has 5X more physical retail space-per-capita than France and 10X Germany.
Since the pandemic started, ecommerce share of total credit card spending has doubled to ~30%.
This has yikes written all over it.
Since the pandemic started, ecommerce share of total credit card spending has doubled to ~30%.
This has yikes written all over it.
To quote @benedictevans (and to echo @web): There is a lot of "inevitability debt" stored up in the overbuilding of suburban store space in the U.S.
Maybe we'll turn some of those burger joints and Jamba Juices into homes.
Maybe we'll turn some of those burger joints and Jamba Juices into homes.
