Why do brick and mortar retailers are not able to stay successful? Well, many reasons exist, one has to do with increased costs of employees because of ObamaCare, but that is certainly just another fire hose in the bucket – increased laws too has taken its toll and the biggie, needless to say, is the growth with best shops near me’s blog. How did things get so bad? Well, in their race for profits, these name-brand big retailers started selling us inferior Chinese Made products, dressing them up nicely with well-done marketing.
Because I begun to write this post, I was interrupted by life-events several times; Christmas, Family, New Years, California Storms, Yard Work, Etc. and each and every time I use it away and off to another day, there is yet another unfortunate story in news reports; Bloomberg Business News, CNBC, Wall Street Journal, or the NYTs, LA Times or Washington Post Business Section, of one more downsizing, right-sizing, or bankruptcy inside the retail sector – stores closing, vendors hosed, employee layoffs – it’s not looking too good, unless you are an internet retailer. Let’s talk shall we?
Why did that strategy fail? It didn’t at first, but if these retailers are going to sell us cheap imported goods then people are going to shop for price, and once consumers start doing that, Sears, Macy’s as well as other big box retailers can’t compete because of the higher cost structure, and Jeff Bezos of Amazon, well, he takes no prisoners; “no mercy expected, none given,” motif.
There have been a few interesting articles, one out of Total Retail on or regarding the first week of 2017. The initial was titled; “Sears to Close 150 More Stores, Sells Craftsman Brand,” and also the second one is in the Wall Street Journal “Macy’s and Kohl’s Are Hit by Weak Holiday Sales – Macy’s to reduce greater than 10,000 jobs, close stores; Kohl’s lowers profit targets.”
On January 6, 2017 the Washington Post had a post titled; “The Limited is closing all its 250 stores” published by Sarah Halzack. It comes with an interesting video on YouTube titled; “MUST WATCH! 10-reasons why world economy collapse in 2017 – NEW,” which stated that Sam’s Club was also closing many less-than-optimal stores, again ten thousand job cuts there.
Suffice it to express, retail isn’t working, those old business models are not likely to be viable down the road, they simply cannot compete with the efficiency of online retailing, absolutely no way, no how, thus what? Well, they are saying the only constant is change, but how much near-term change can our economy take? Sure, those are certainly not great jobs, and a lot are actually only part-time, but those job losses are real and extremely affect real lives. Please consider all this, and don’t hesitate – be great.
Shopping in a bricks and mortar store is less flexibility with a need to travel, possible issues with parking and fixed hours. But, those that choose to shop online have the convenience of having the capacity to browse and get things anytime. The ability to avoid travelling is definite to interest people who don’t get their own transport, people who are housebound, or just once the weather isn’t pleasant.
When you shop in a traditional store, there exists less competition and you have to simply accept the cost within the store that has the things you want. However, it really is easy to make a price comparison when online. There are numerous price comparison zuukud that make it possible to look for the cost of a particular item across a long list of different vendors. Plus, the web stores provides more incentives to return being a repeat customer, including deals or discounts when registering for the monthly newsletter.
Internet retailers aren’t limited by the volume of floor space to present their stock. They have the option of displaying the most impressive choices that could never fit on the shelf space of the bricks and mortar store. Also, when online it really is simple to start the next store in the event the preferred item isn’t available.