Wondering why this is #2 (now #1) on the front page of HN. Doesn't seem as though they sell tech. Did the demise of Rite-Aid get noticed here last year? I doubt it.
I'm curious to know why you think that.
In a sense, I have a feeling we replaced all the middle-men for a single one who controls who and what can be sold and when. But the middle man is there closing whole Venice for personal reasons
I’m surprised by the employee count. 8.4 employees to run each store - less if some were delivery and back office, and that includes store management. I guess these were small stores? Closed on weekends?
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[ 3.1 ms ] story [ 35.9 ms ] threadThe demographic doesn't go to malls much anymore. Gone are the days of dumping preteens at the mall when school was out.
Perhaps a story of change and how new businesses shift existing ones? Nothing new though but still important to keep in mind.
I expect management probably didn't do as well as they could have too.
While tech has definitely enabled this shift, it doesn't seem overly relevant, outside of the current doomer views (albeit, it feels, valid views!)