The New York Times has a piece this morning arguing that predictions of the death of retail may have been premature, that “Americans have started shopping more — in stores.”
Strong sales - at some stores - have grown out of “a roaring economy and an optimistic consumer. With more cash in their wallets from the tax cuts, Americans have been spending more.
“The boom also reflects a broad reordering of the $3.5 trillion industry, with fewer retailers capturing more of the gains. Stores that have learned how to match the ease and instant gratification of e-commerce shopping are flourishing, while those that have failed to evolve are in bankruptcy or on the brink.”
You can read the story here.
Strong sales - at some stores - have grown out of “a roaring economy and an optimistic consumer. With more cash in their wallets from the tax cuts, Americans have been spending more.
“The boom also reflects a broad reordering of the $3.5 trillion industry, with fewer retailers capturing more of the gains. Stores that have learned how to match the ease and instant gratification of e-commerce shopping are flourishing, while those that have failed to evolve are in bankruptcy or on the brink.”
You can read the story here.
- KC's View:
- It has long been the argument here that only a fool would suggest that bricks-and-mortar retail is doomed. It is just mediocre, uninspired, undifferentiated retail that is endangered. You either rise to the occasion, or you die.
