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March 2014 Archives

Retail spaces are disappearing, and it's all the internet's fault

Many Miami residents have probably had the same thought at some point over the last decade: "hey, what happened to that store on the corner?" In many cases, the answer likely is "the internet made it obsolete." Physical retail space is under attack by what some news outlets are dubbing the "Amazon Effect," which is the process of large-scale companies closing stores because the internet marketplace has turned such physical spaces into financial sinkholes.