Why do brick and mortar retailers are not able to remain profitable? Well, many reasons exist, one has to do with increased costs of employees as a result of ObamaCare, but that is just another fire hose within the bucket – increased laws too has brought its toll and also the biggie, obviously, is the growth with http://www.bestshopsnearme.com/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 started to write this post, I had been interrupted by life-events many times; Christmas, Family, New Years, California Storms, Yard Work, Etc. and each and every time I put it off to another day, there was clearly yet another unfortunate story in the news; Bloomberg Business News, CNBC, Wall Street Journal, or perhaps 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, except if you are a web-based retailer. Let’s talk shall we?
Why did that strategy fail? It didn’t in the beginning, but when these retailers are likely to sell us cheap imported goods then people will shop for price, and when consumers start doing that, Sears, Macy’s along with other big box retailers can’t compete due to their higher cost structure, and Jeff Bezos of Amazon, well, he takes no prisoners; “no mercy expected, none given,” motif.
There have been several interesting articles, one in Total Retail on or about the first week of 2017. The very first was titled; “Sears to seal 150 More Stores, Sells Craftsman Brand,” and also the second one is at the Wall Street Journal “Macy’s and Kohl’s Are Hit by Weak Holiday Sales – Macy’s to slice a lot more 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 most of its 250 stores” authored by Sarah Halzack. It comes with an interesting video online titled; “MUST WATCH! 10-explanations why world economy collapse in 2017 – NEW,” which stated that Sam’s Club have also been 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 only cannot contend with the efficiency of online retailing, no chance, no how, now what? Well, they say the only real constant is change, but just 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 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 have to travel, possible problems with parking and fixed hours. But, people who choose to buy online have the convenience of having the ability to browse and purchase things whenever you want. The ability to avoid travelling is certain to interest those that don’t have their own own transport, people who are housebound, or simply just when the weather isn’t pleasant.
When shopping in a traditional store, there exists less competition and you will have to merely accept the purchase price within the store which has the products you want. However, it is really very easy to make a price comparison when online. There are plenty of price comparison zuukud which make it possible to check the price of a particular item across a lot of different vendors. Plus, the web stores can provide more incentives to come back being a repeat customer, including deals or discounts when subscribing to the monthly newsletter.
Internet retailers aren’t limited by the quantity of floor area to display their stock. They have the option of displaying by far the most impressive choices that may never fit on the shelf space of the bricks and mortar store. Also, when online it is definitely easy to begin another store in the event the preferred item isn’t available.