I bet we will see this in many more areas besides electronics. I think groceries are next ...
come to the uk and you can already see it,the town i live in has 6 supermarkets around the outskirts ,we dont have a butchers , bakers,greengrocers or fish monger any more so supermarket is the only option,the once thriving town centre is a wasteland of charity shops nail bars ,vape centres or boarded up stores and the heaving market twice a week now consists of 3 or 4 stalls.
High taxes, rents and car parking charges have made this inevitable. It's being going on for over 25 years now.
I've heard California has effectively decriminalised low value shoplifting, which is partly responsible for the decline in retail.
The shoplifting is a definite issue in CA and
other States that adopted this "forgiving" approach. Anything under (around) $950 is a civil offense like a parking ticket. Police would not even come when you call them for such crime occurring in your store. Adding to the "leakage", it attracts the wrong kinds. They just camp out by the store, go in to grab what they need, and go back out to their tents. No too many real paying shoppers want to walk around homeless tents so as to get into a store to do proper shopping.
CNN was make a news story about that:
"CNN witnesses 3 alleged thefts in 30 minutes while reporting on shoplifting"
Not just small businesses, even high-end chains are closing:
"...The Westfield San Francisco Centre, previously a downtown San Francisco shopping mecca that once housed over
70 top-tier retail brands, is pulling the plug and turning the keys back over to its lenders after defaulting on its $558 million loan..."
https://www.forbes.com/sites/pamdanziger/2023/06/14/westfield-mall-joins-the-mass-retail-exodus-out-of-san-francisco/I have relatives in CA. I was told Oakland is worst! Even Santa Barbara (where rich and famous live, folks like Harry and Megan in Montecito which is an area within Santa Barbara), Palm Springs (retirement place of choice for many Hollywood stars), and other cities are having problems and increasing in magnitude and frequency.
With or without on-line commerce, I can't imagine how an Electronics store stay open in such "forgiving" environment. A tiny package can easily worth over $100 or even $900. A shoplifter can walk out the store with his/her pockets hardly full or heavy, and the store is out almost a thousand dollars...