|
Post by arfanho7 on Feb 25, 2024 7:11:44 GMT
Finally much of retail growth over the last three decades has relied on aggregating volume to support a large store infrastructure. However this volume may not materialize in any channel in the coming years. Millennials who are soon to become the main consumer segment in the economy are expressing decreased consumption due to better utilization of existing goods lower spending capacity lower desire to consume and delays in key life events that drive consumption e.g. marriage children. A key tenet of this book is that retailers are not all equal in facing these threats. While some retailers will manage through this revolution many will perish. The old strategy of containing shrink and growing incremental store traffic two percent per year will not Ukraine Mobile Number List save stores. Rather we are at an inflection point for brick and mortar retail and survival requires comprehensive strategies that in many cases will transform and revolutionize brick and mortar retail as we know it. The strategies outlined in this book are a good starting point for retailers to rethink their businesses. This retail revolution will not occur in a vacuum. of many parts of our society—it bridges the gap between consumers and brands brings Americans into the workforce and helps them advance their careers attracts traffic and a sense of community to our towns and cities and plays a very important role in America s local and national economies. The shifts in retail that we have described will likely shrink store counts square footage and retail employment.
|
|