The internet has changed the market dynamic for shopping

NY Times:

Bargain-Hunting Frenzy Threatens Traditional Stores


As Macy’s, Nordstrom and other large department stores have reported declining sales numbers, they have continued to push discounts in order to compete with off-price chains and online retailers.
When I worked in downtown Houston I would occasionally shop at stores like Macy's.   Since I built a house in the country a few years ago, it is no longer convenient to go to shopping centers.  Internet shopping allows you to compare prices and service that i9s just not available at big department stores.  I do shop at big box stores like Walmart, Home Depot, and Lowes for items that it does not make that much sense to order over the internet.

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