Friday, February 19, 2016

Retail's decline deepens

American retail is in trouble.

Saw this this morning:
"The blunt truth is that while stores remain a vital part of the retail mix, they are not quite as relevant as they used to be," Conlumino CEO Neil Saunders wrote in a research note about the company's recent store closures. "Walmart's decision is part of a larger shift that will be played out across all parts of the retail sector over the coming year and beyond."
I've frequently noted on the Don and Doug webcast that brick and mortar retail is losing its relevancy. More narrow and thinner stocking of inventories are a sign of decline, and as a result, more Americans shop more online for what's no longer available locally.

It's a downward circle.

About the only thing I regularly buy local these days are building supplies to maintain my house and rental properties, and groceries. A bunch of the rest comes delivered to my door after buying online.

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