Why do brick and mortar retailers are unable to remain profitable? Well, many reasons exist, one has to do with increased costs of employees as a result of ObamaCare, but that is merely another fire hose within the bucket – increased regulations too has taken its toll and also 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 had been interrupted by life-events repeatedly; Christmas, Family, New Years, California Storms, Yard Work, Etc. and each and every time I put it away and off to another day, there is one more unfortunate story in the news; Bloomberg Business News, CNBC, Wall Street Journal, or even the NYTs, LA Times or Washington Post Business Section, of yet another downsizing, right-sizing, or bankruptcy within the retail sector – stores closing, vendors hosed, employee layoffs – it’s not looking too good, until 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 likely to sell us cheap imported goods then people are likely to shop for price, and as soon as consumers start doing that, Sears, Macy’s and 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 was several interesting articles, one out of Total Retail on or about the first week of 2017. The very first was titled; “Sears to seal 150 More Stores, Sells Craftsman Brand,” as well as the second one is at the Wall Street Journal “Macy’s and Kohl’s Are Hit by Weak Holiday Sales – Macy’s to reduce a lot more than ten thousand jobs, close stores; Kohl’s lowers profit targets.”
On January 6, 2017 the Washington Post had a post titled; “The Limited is closing all of its 250 stores” written by Sarah Halzack. There is an interesting video on YouTube titled; “MUST WATCH! 10-main reasons why world economy collapse in 2017 – NEW,” which stated that Sam’s Club was also closing many less-than-optimal stores, again 10,000 job cuts there.
Suffice it to express, retail isn’t working, those old business models are not likely to be viable in the future, they only cannot contest with the efficiency of online retailing, no way, no how, so now what? Well, they are saying the only constant is change, but how much near-term change can our economy take? Sure, those usually are not great jobs, and a lot are 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 difficulties with parking and fixed hours. But, the ones that would rather shop online possess the convenience of having the ability to browse and purchase things anytime. The opportunity to avoid travelling is certain to attract those that don’t have their own transport, those that are housebound, or simply if the weather isn’t pleasant.
When shopping in a traditional store, there is less competition and you have to merely accept the cost in the store that has the things you want. However, it really is very easy to make a price comparison when online. There are numerous price comparison zuukud that make it possible to check the price of a particular item across a lot of different vendors. Plus, the internet stores can offer more incentives to return as being a repeat customer, such as promotions or discounts when signing up for the monthly newsletter.
Online retailers aren’t limited by the amount of floor space to present their stock. They have the choice of displaying by far the most impressive choices that may never fit on the shelf space of any bricks and mortar store. Also, when online it is definitely simple to start the next store in the event the preferred item isn’t available.