Why is it that brick and mortar retailers are not able to stay profitable? Well, many reasons exist, one has to do with increased costs of employees as a result of ObamaCare, but that is certainly merely another fire hose in the bucket – increased regulations too has brought its toll as well as the biggie, obviously, is the growth with best shops near me’s blog. How did things get so bad? Well, within their race for profits, these name-brand big retailers started selling us inferior Chinese Made products, dressing them up nicely with well-done marketing.
As I begun to write this short article, I used to be interrupted by life-events repeatedly; Christmas, Family, New Years, California Storms, Yard Work, Etc. and each time I place it off and away to another day, there was clearly yet another unfortunate story in the news; 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 in the retail sector – stores closing, vendors hosed, employee layoffs – it’s not looking too good, unless you are an online retailer. Let’s talk shall we?
Why did that strategy fail? It didn’t at first, however, if these retailers will sell us cheap imported goods then people are going to look for price, and as soon as consumers start doing that, Sears, Macy’s along with other big box retailers can’t compete because of their higher cost structure, and Jeff Bezos of Amazon, well, he takes no prisoners; “no mercy expected, none given,” motif.
There have been a couple of interesting articles, one out of Total Retail on or concerning the first week of 2017. The initial was titled; “Sears to Close 150 More Stores, Sells Craftsman Brand,” and the second one was in the Wall Street Journal “Macy’s and Kohl’s Are Hit by Weak Holiday Sales – Macy’s to cut greater than 10,000 jobs, close stores; Kohl’s lowers profit targets.”
On January 6, 2017 the Washington Post had a write-up titled; “The Limited is closing all its 250 stores” authored by Sarah Halzack. There is an interesting video on YouTube titled; “MUST WATCH! 10-explanations why world economy collapse in 2017 – NEW,” which stated that Sam’s Club was closing many less-than-optimal stores, again ten thousand job cuts there.
Suffice it to say, retail isn’t working, those old business models are not likely to be viable down the road, they just cannot compete with the efficiency of online retailing, no way, no how, so now what? Well, they say the sole constant is change, but just how much near-term change can our economy take? Sure, those are not great jobs, and most are now only part-time, but those job losses are real and incredibly affect real lives. Please consider all of this, and don’t hesitate – be great.
Shopping in a bricks and mortar store is less flexibility with a need to travel, possible difficulties with parking and fixed hours. But, those that prefer to buy online possess the convenience of having the capacity to browse and get things whenever you want. The ability to avoid travelling is certain to appeal to people who don’t have their own transport, those that are housebound, or just once the weather isn’t pleasant.
When shopping in a traditional store, there exists less competition and you have to merely accept the cost in the store which has the things you desire. However, it is definitely simple to compare costs when online. There are plenty of price comparison zuukud making it possible to look for the price of a particular item across a long list of different vendors. Plus, the internet stores provides more incentives to return as a repeat customer, like special deals or discounts when registering for the monthly newsletter.
Online retailers aren’t limited by the quantity of floor space to show their stock. They have the choice of displaying by far the most impressive choices that could never fit on the shelf space of any bricks and mortar store. Also, when online it is really simple to move onto the following store in the event the preferred item isn’t available.