From the retail issue: These days everyone is trumpeting retail’s downturn, with each earnings call, retail conference and panel seeming to ending in the same rueful refrain.
Recently, billionaire investor-slash-oracle Warren Buffett shared his perspective on the retail landscape: “The department store is online now.”
“I have no illusion that 10 years from now will look the same as today, and there will be a few things along the way that surprise us,” he added during Berkshire Hathaway’s annual meeting on May 6, Business Insider reported.
While the facts — including bankruptcies and rampant store closings — can’t be disputed, many retail real estate experts are more optimistic than one might expect. [more]