Thursday, August 3, 2017

Update on self-defeating retailers

Number of retail stores closing this year tops 6,300, according to Business Insider. 

Online alternatives are hurting brick and mortar. But retailers are also hurting themselves by increasingly failing to carry in stores what people want or need.

A recent example: I went looking for gas grill last weekend to put on a new deck. Walmart was already in season close-out mode, with some  gas models in the dwindling inventory selling for half what they had when the spring season opened.

Does Walmart seriously think people stop grilling by the first of August, that no one would shop for a replacement grill as late as Labor Day?

If on-site retailers only keep "seasonal merchandise" in their stores for half the actual season, it's like telling customers their business isn't wanted, and it forces consumers to turn to online alternatives.

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