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Retailers built too many stores and the bubble is bursting

Online retailers have become a convenient scapegoat for brick-and-mortar stores looking to cast blame for the rapid contraction in retail jobs in recent months.

It’s become a such a common refrain in reports about job losses in the retail industry that it has almost become gospel.

But upon closer inspection, it’s clear that retailers have only themselves to blame for the bubble they created—a bubble that is finally bursting.

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