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Tuttle acknowledges that retail is hurting but said that’s not because Americans have abandoned brick-and-mortar for online merchants. She said there’s a glut of stores in this country. “There is a very clear problem of over-storing in the US,” she said. “There were just way too many stores, especially if you compare how many stores are here to how many there are in Europe. We’re on the high end. [The retail apocalypse] is just a bit of a reckoning. Once we take the excess store population out, I think it will stabilize. It may mean places are

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