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You are here: Home / Commentary / Retail Growth to Remain Stable, Omnichannel Key In 2017
Retail Growth to Remain Stable, Omnichannel Key In 2017

Retail Growth to Remain Stable, Omnichannel Key In 2017

April 3, 2017 By RhinoSupport Leave a Comment

U.S. retail sales excluding automobiles and gasoline is expected to grow 3-4% in 2017, according to the Fitch Ratings Outlook, consistent with the 3.8% growth Fitch predicted for 2016. The analysts at Fitch predict that more than half of such retail growth will occur online, while in-store growth will account for just 1% of the gains. Fitch Ratings predicts Dollar Tree, Burlington Stores, Levi Strauss, Coach and J.C. Penney are on a positive trajectory in 2017, while Sears, Claire’s Stores, Gymboree, Abercrombie & Fitch, Vince and Bon-Ton Stores will face significant challenges next year.

Key Takeaways:

  • U.S. retail sales excluding automobiles and gasoline is expected to grow 3-4% in 2017, according to the Fitch Ratings Outlook, consistent with the 3.8% growth Fitch predicted for 2016.
  • The analysts at Fitch predict that more than half of such retail growth will occur online, while in-store growth will account for just 1% of the gains.
  • Those that find success have invested in the omnichannel model and have differentiated their products and customer service to draw customers in.”

“The report notes that retailers are facing a shift in customer shopping habits and have responded by almost universally moving to omni channel models in an effort to best serve today’s retail customers.”

http://multichannelmerchant.com/news/retail-growth-remain-stable-omnichannel-key-2017-28122016/?utm_source=rss&utm_medium=rss&utm_campaign=retail-growth-remain-stable-omnichannel-key-2017

Related posts:

  1. Retail Trends from 2016 Will Drive Success in 2017
  2. Omnichannel Retail in 2017: Why The Future of Selling Everywhere is Now
  3. 4 of the Best Growth Hacking Experiments to Try in 2017
  4. 5 Predictions for the Reimagined Retail Experience in 2017

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