More than 9,300 stores closed this year, a 63% increase from 2018, according to Coresight Research.
“Even without the advent of online, there would be this reckoning,” Michael Brown, a retail practice partner with the global management consulting firm A.T. Kearny, told NBC News. “What online has done is make it really expensive to continue operating a large store base, and with a competitive online experience there had to be a rationalization for the number of stores and the role they played.
While fewer shoppers are heading into stores to shop, their sales are becoming more valuable, Lauren Bitar, a retail consultant with the analytics firm RetailNext, told NBC News. Between January and December 20, retail store traffic was down by about 5 percent and net sales were down by around 2 percent, according to RetailNext. But the average transaction amount increased by nearly 3 percent and the sales value per shopper increased by about 3 percent.
“Store staff has really been a commodity in the past — they lost the ability to engage with consumers,” said Brown. “But as wages go up retailers are really going to need to invest in staff in stores to be more productive and to be additive to what a consumer is buying.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'At 300 Pounds, I Couldn't Carry Groceries Up The Stairs. Then I Learned The 80-20 Rule And Lost 150 Pounds'Amber Clemens weighed 300 pounds when she decided to change her life. She started counting calories for weight loss and used the 80-20 rule and lost 150 pounds.
Baca lebih lajut »
With births down, U.S. had slowest growth rate in a centuryThe U.S. grew from 2018 to 2019 by almost a half percent, or about 1.5 million people, with the population standing at 328 million this year, according to population estimates.
Baca lebih lajut »
Here's what's open and closed New Years DayIt's the first day of 2020 and you need to get your resolutions in order. That might mean a visit to the bank or a few hours (minutes?) at the gym. Or a shopping trip.
Baca lebih lajut »
Lighting Industry Sues to Stop New Efficiency StandardsA California law taking effect today would require new light bulbs to produce 45 lumens per watt. That would remove almost all incandescent and halogen bulbs from store shelves. Two industry groups want courts to put a hold on the regulations. (KQEDnews)
Baca lebih lajut »
Justin Bieber's New Docuseries Will Give Fans an “Intimate Look” at His Life“As humans, we go through so many ups and downs. Good seasons and bad seasons.”
Baca lebih lajut »