WASHINGTON, DC—The retail real estate sector has feared theeffects of e-commerce and the steady erosion of brick-and-mortarretail sales by online stores for years. The latest scare comesfrom a research note published last by Goldman Sachsanalysts in which they addressed the future prospects ofsuch big-box retailers as Walmart andTarget.
It wasn't pretty.
Essentially, the investment bank cut its rating for theretailers in part because their shoppers are turning the Web forbetter bargains. This meme was repeated in the unrelated news fromlast week that Dollar Tree and Family Dollar are merging to bettertarget the low-price shopper.
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