Monday, January 16, 2017
Not All Brick-and-Mortar Retailers Are Feeling the Blues
The divide between retail winners and losers seemed to widen further this holiday season.
The losers seemed to garner most of the headlines over the past week. A parade of retailers, including Macy's, Sears and Barnes & Noble, delivered disappointing holiday sales. Women's apparel retailer The Limited shuttered its 250 brick-and-mortar stores. Retail heavyweight Wal-Mart Stores Inc. reportedly is planning to cut hundreds of jobs before the end of this month.
These retailers share a common thread: brick-and-mortar general merchandise, apparel or book chains, retail sectors that have been hurt by consumers choosing to spend more money online, or on other types of purchases, whether gadgets or home supplies or even experiences.
While general merchandise and discount brick-and-mortar store sales fell 2.8% this holiday season, online demand in the segment actually surged 29%.