More broadly, Amazon’s popularity has shifted more retail sales online, battering the sector, with no end in sight.
The pain is most acute at the mall where foot traffic has slowed. Fewer shoppers mean softer sales, and this was very evident in the latest batch of department store earnings reports.
Sears has shuttered stores and cut jobs as Amazon has gained momentum. Just Tuesday, the company announced it would cut another 400 jobs, as it tries to reduce costs and fend off a potential bankruptcy filing.
This week, Gymboree filed for Chapter 11 bankruptcy, and analysts expect more companies to face the same fate.
Meanwhile, Amazon does not appear to be slowing down anytime soon.
Watch: Beginning of the end of traditional retail