Best Buy, Sears, Kmart have closed hundreds of stores since 2011 — and Target's not far behind. But shuttering big-box stores has unanticipated consequences
While many market analysts have been touting the recent spate of mergers and acquisitions as a sign of business confidence, the trend might be more out of necessity.
Conventional wisdom says that big-box stores and supermarket chains offer cheaper alcohol than independent shops. But private liquor stores offer something big retailers can't.
As more shoppers move online, the chain has been caught with too many stores and not enough customers. So, Best Buy will close a slew of its big box stores and open many smaller ones.
