05-08-2018, 06:10 AM
From Wikipedia:
The main factor cited in the closing of retail stores in the retail apocalypse is the shift in consumer habits towards online commerce.[23] Holiday sales for e-commerce were reported as increasing by 11% for 2016 compared with 2015 by Adobe Digital Insights, with Slice Intelligence reporting an even more generous 20% increase. Comparatively, brick-and-mortar stores saw an overall increase of only 1.6%, with physical department stores experiencing a 4.8% decline.[24] Another factor is an over-supply of malls,[25] as the growth rate of malls between 1970 and 2015 was over twice the growth rate of the population. In 2004, Malcolm Gladwell wrote that investment in malls was artificially accelerated when the U.S. Congress introduced accelerated depreciation into the tax code in 1954.[26] Despite the construction of new malls, mall visits declined by 50% between 2010-2013 with further declines reported in each successive year.[27] A third major reported factor is the "restaurant renaissance," a shift in consumer spending habits for their disposable cash from material purchases such as clothing towards dining out and travel.[6] Another cited factor is the "death of the American middle class," resulting in large-scale closures of retailers such as Macy's and Sears, which traditionally relied on spending from this market segment.[28] The final factor in poor brick-and-mortar sales performance is a combination of poor retail management coupled with an overcritical eye towards quarterly dividends: a lack of accurate inventory control creates both underperforming and out-of-stock merchandise, causing a poor shopping experience for customers in order to optimize short-term balance sheets,[29] the latter of which also influences the desire to understaff retail stores in order to keep claimed profits high.[30]
https://en.wikipedia.org/wiki/Retail_apocalypse
But -- successful retailers in this environment include
1. Low-end stores such as Dollar General, Dollar Tree, Five Below, and Ross
2. Discount food chains (Aldi's)
3. Big-box retailers (Wal*Mart, Target, Costco)
4. Specialty retailers that deal in consumer goods best described as needs (eyeglasses), high turnover (sporting goods), or potential experience (creative supplies)
5. Fads (organic foods) that could be long-term trends.
The main factor cited in the closing of retail stores in the retail apocalypse is the shift in consumer habits towards online commerce.[23] Holiday sales for e-commerce were reported as increasing by 11% for 2016 compared with 2015 by Adobe Digital Insights, with Slice Intelligence reporting an even more generous 20% increase. Comparatively, brick-and-mortar stores saw an overall increase of only 1.6%, with physical department stores experiencing a 4.8% decline.[24] Another factor is an over-supply of malls,[25] as the growth rate of malls between 1970 and 2015 was over twice the growth rate of the population. In 2004, Malcolm Gladwell wrote that investment in malls was artificially accelerated when the U.S. Congress introduced accelerated depreciation into the tax code in 1954.[26] Despite the construction of new malls, mall visits declined by 50% between 2010-2013 with further declines reported in each successive year.[27] A third major reported factor is the "restaurant renaissance," a shift in consumer spending habits for their disposable cash from material purchases such as clothing towards dining out and travel.[6] Another cited factor is the "death of the American middle class," resulting in large-scale closures of retailers such as Macy's and Sears, which traditionally relied on spending from this market segment.[28] The final factor in poor brick-and-mortar sales performance is a combination of poor retail management coupled with an overcritical eye towards quarterly dividends: a lack of accurate inventory control creates both underperforming and out-of-stock merchandise, causing a poor shopping experience for customers in order to optimize short-term balance sheets,[29] the latter of which also influences the desire to understaff retail stores in order to keep claimed profits high.[30]
https://en.wikipedia.org/wiki/Retail_apocalypse
But -- successful retailers in this environment include
1. Low-end stores such as Dollar General, Dollar Tree, Five Below, and Ross
2. Discount food chains (Aldi's)
3. Big-box retailers (Wal*Mart, Target, Costco)
4. Specialty retailers that deal in consumer goods best described as needs (eyeglasses), high turnover (sporting goods), or potential experience (creative supplies)
5. Fads (organic foods) that could be long-term trends.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.