Monday, February 22, 2016

Retail As We Know It Is Dying.......

AS YOU READ THIS THINK ABOUT ALL THE LOANS EXPOSED TO COMMERCIAL REAL ESTATE, ALL THE INDOOR MALLS THAT ARE ALREADY DYING AND ALL THE EMPLOYEES THAT WILL / ARE LOSING THEIR JOBS.

Retail As We Know It Is Dying

Retail companies are in the middle of a seismic shift.

Younger shoppers are taking over the market, and they have a preference for online shopping. This means that older, brick-and-mortar sellers are struggling to keep up with online giants like Amazon.

The slide, from a company presentation at an analyst conference this week, shows the monthly buying frequency of US shoppers in hypermarkets — stores with both grocery and department sections — and online.

In just seven years, shoppers have shifted from making one monthly purchase on average online, to 6.5. Meanwhile, purchases at brick-and-mortar stores dropped from 7 visits to just under 5.  

But even as traditional retailers adapt to the shift, they face the issue of added costs, which crunch profits.


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