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A developer in Kansas is building and pre-selling high-end survival condos, but banks aren’t helping interested buyers finance these unique properties

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Everyone has heard the headlines: the retail apocalypse is here; online shopping has replaced traditional stores. But it turns out that’s not what’s actually going on.

In 2019, the US saw roughly 9,300 retail stores close; a 61% uptick from the previous year according to Coresight Research. Concerning? Yes. But if you look a little closer, you get a bit of a different picture. For instance, Payless, the discount shoe retailer, accounted for nearly a quarter of those store closures. In fact, out of the 12 companies that each closed more than 200 stores, 9 had filed for bankruptcy in recent years.

The narrative has been that, as e-commerce rises, traditional brick-and-mortar stores decline. Is that really the case? Not quite. In fact, research shows that the two can have a symbiotic relationship. That’s thanks to a shift in consumer behavior. Shopping today doesn’t always happen all online or all in-store; it’s often a hybrid experience, such as buying a product online and then picking it up in-store.

When do you visit a physical store? How does the ‘hybrid’ shopping experience apply to you?
Let us know in the comments below.

Producer: John General
Senior Producer: Logan Whiteside

#CNN
#Retail
#Shopping

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A sneak-peak into Jaco Environmental, a plant that makes money from recycling old refrigerators.

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Diageo Chief Marketing Officer Syl Saller oversees a portfolio of more than 400 brands including Johnnie Walker, Guinness and Smirnoff.

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Iran is looking to modernize its airline industry over the next few years and has high hopes for future tourism. CNN’s Fred Pleitgen reports.

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Three hours from Kuala Lumpur is the economic development zone of Iskandar — its three times the size of Singapore, and part of a 20 year plan with billions of dollars invested to develop this region.

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Get lost in this sprawling mansion’s myriad of rooms, which include a home theater, zen room and a wine cellar – all in one of Florida’s most exclusive gated communities.

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Both surveillance laws and the technology we use to communicate have changed over the decades. CNN Investigative Reporter Jose Pagliery explains the history of U.S. government surveillance and where we stand today.

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John Di Domenico has been impersonating Donald Trump for 12 years. And it’s finally paying off. He’s making thousands for TV, radio, and corporate appearances.

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Longtime senators John McCain and Dick Durbin duel it out old school on the Senate floor regarding the debt ceiling.

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