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Is e-commerce to blame for recent Louisville retail closures?

Access Louisville

English - February 03, 2023 18:00 - 25 minutes - 17.6 MB - ★★★★★ - 32 ratings
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Access Louisville is a weekly podcast from Louisville Business First. Follow us on popular podcast services to never miss an episode.   

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Bed, Bath and Beyond is closing three of its Kentucky locations after raising a red flag that bankruptcy could be imminent.

The retailer has two locations in Louisville, one at the Paddock Shops at 4350 Summit Plaza Drive, and another at 99 Breckenridge Lane. The Paddock location will close, along with two others in Elizabethtown and Bowling Green.

The New Jersey-based company announced days earlier that it was considering a bankruptcy filing. It is expected to close more than 80 stores nationwide.

The company hasn’t said what has led to some of these developments, but we speculate on the Access Louisville Podcast that a rise in ecommerce could be decreasing a need for its services.

GameStop filed a Worker Adjustment and Retraining Notification (WARN), announcing it was closing its distribution facility in Bullitt County. The facility will close this summer, laying off 236 people as a result.

Beyond retail, Louisville has experienced some real estate trends that have impacted home sales, including that of a high-profile smart home.

We discuss all this and more on the Access Louisville podcast.

Access Louisville is a weekly podcast from Louisville Business First. It’s co-hosted by David A. Mann and Laurel Deppen. Our guests this week are Van Hoy and Jones.

It's available on popular podcast services, including Apple Podcasts and Spotify, which are linked above. You also can listen to the show in the player above.