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Old 10-11-2017, 12:08 PM   #103
CliffFletcher
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The Death of Mid-Range Department Stores

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But is it a good thing that modest, nice retail is slowly but surely being replaced by either expensive, luxury retail or discount wares? According to Brendan Duke, an economic policy analyst at the Center for American Progress, the polarization of the industry is a warning of a coming crisis of the middle class.

“These companies are doing what companies do — they adjust, ” he says. “But the issue isn’t that only the very top and the very bottom are doing well. The issue is that there’s shrinking middle class consumption.”
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