Every day there are claims made in the media across the world that physical retail is heading toward a final and irreversible apocalypse. And yet, we’re also seeing some of the most innovative and customer-friendly reinterpretation of the retail experience that has ever existed.
Retail sales have now missed three months in a row. Retailers are already on book as planning to close hundreds of stores nationwide. JC Penney, Sears, Macy’s, Target, Best Buy, .
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· Thousands More Stores Are Now On The 2018 Retail Apocalypse Death List Authored by Daisy Luther via The Organic Prepper blog, Every year, it seems like more and more retail outlets are going out of business, resulting in the loss of jobs and local supplies.
The retail apocalypse is heading straight for Kroger, Whole Foods, and Aldi. The US has 4.15 square feet of retail food space per person, which is nearly 30 times higher than in 1950, according to CoStar Group data cited by the Wall Street Journal. But demand hasn’t kept up with unit growth.
Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement In the largest-ever settlement with the U.S. government, banking giant JPMorgan Chase agrees to pay billion and admits to making serious misrepresentations over mortgage-backed securities. (FOX Business) Politics and elections. Voters in Nepal start voting to elect a Constituent Assembly to draw up a new Constitution.Less sickness in housing as delinquencies fall 43% from peak · Capital One financial corp. cof, -0.48% said delinquencies at its U.S. credit-card business dropped in December as charge-offs followed suit. While charge-offs-.
· 2.5-Mile-Wide Comet Headed Toward Earth: Conspiracy Theorists Spread Doomsday Mass Hysteria. According to the various versions of the asteroid impact apocalypse theory, the U.S. government, allied Western European nations and other major industrial nations, are aware of the impending catastrophe.
· We visited a Charlotte Russe store the day after the company filed to liquidate, and it’s clear the retail apocalypse is in full swing Mary Hanbury Mar 8, 2019, 6:48 AM
Why we’re heading towards an intellectual property apocalypse By creative bloq staff 2015-11-23t15:31:28.326z Graphic design Don’t be a digital licensing zombie, warns freelancer Ben Tallon.
Of those three, only Sears appears headed toward bankruptcy protection in the near future, but the other two are increasingly vulnerable if current operating conditions worsen.
The main factor cited in the closing of retail stores in the retail apocalypse is the shift in consumer habits towards online shopping. Holiday sales for e-commerce were reported as increasing by 11% for 2016 compared with 2015 by Adobe Digital Insights, with Slice Intelligence reporting an even more generous 20% increase.
Big retail drugstores aren’t going to vanish any time soon. But we may be heading towards a future where there are fewer of them, they look a lot different, and potentially aren’t as profitable.