Why do brick and mortar retailers are not able to remain successful? Well, there are many reasons, one has to do with increased costs of employees as a result of ObamaCare, but that is yet another fire hose in the bucket – increased laws too has brought its toll as well as the biggie, needless to say, 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.
When I began to write this short article, I used to be interrupted by life-events many times; Christmas, Family, New Years, California Storms, Yard Work, Etc. and each time I put it off to another day, there is 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 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 in the beginning, but if these retailers are likely to sell us cheap imported goods then people will shop for price, and as soon as consumers start doing that, Sears, Macy’s as well as 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 out of Total Retail on or about the first week of 2017. The very first was titled; “Sears to Close 150 More Stores, Sells Craftsman Brand,” and the second one is in the Wall Street Journal “Macy’s and Kohl’s Are Hit by Weak Holiday Sales – Macy’s to slice 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 its 250 stores” published by Sarah Halzack. It comes with an interesting video online 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 say, retail isn’t working, those old business models will not be viable later on, they only cannot contest with the efficiency of online retailing, absolutely no way, no how, now what? Well, they are saying the sole constant is change, but how much near-term change can our economy take? Sure, those are not great jobs, and a lot are only part-time, but those job losses are real and extremely affect real lives. Please consider this, and don’t hesitate – be great.
Shopping in a bricks and mortar store is less flexibility using a need to travel, possible issues with parking and fixed hours. But, the ones that would rather buy online possess the ease of having the ability to browse and buy things at any time. The ability to avoid travelling is for sure to appeal to people who don’t have their own own transport, the ones that are housebound, or simply once the weather isn’t pleasant.
While shopping in a traditional store, there is certainly less competition and you will have to simply accept the purchase price in the store that has the things you would like. However, it really is easy to compare costs when online. There are plenty of 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 internet stores can provide more incentives to come back as a repeat customer, like promotions or discounts when signing up 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 which could never fit on the shelf space of any bricks and mortar store. Also, when online it is really simple to begin the next store in the event the preferred item isn’t available.