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Stores confront new world of reduced shopper traffic

from The Wall Street Journal

Best Buy Co. recently became the latest retailer to chime in with weak holiday results. Like other chains, the electronics retailer blamed the race to offer the deepest discounts, a game of brinkmanship that hurt profit margins and held back revenue. But there is a deeper malaise at work: A long-term change in shopper habits has reduced store traffic — perhaps permanently — and shifted pricing power away from malls and big-box retailers. more


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