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You are here: Home / Commentary / Why some retailers struggle when the retail environment is fine
Why some retailers struggle when the retail environment is fine

Why some retailers struggle when the retail environment is fine

November 24, 2016 By RhinoSupport Leave a Comment

Just don’t try to tell the good news to executives at some of the oldest and biggest U.S. retail chains. The consumer is driving the U.S. economy, so its a little ridiculous when we hear the excuse of the macro environment is not okay. It’s a challenging environment for these specific companies, says Ken Perkins, president of researcher Retail Metrics, not consumer spending as a whole. Those first two things have happened in the U.S., but after seven years, the expected retail boom hasn’t arrived.

Key Takeaways:

  • The stock market is up for the year and close to an all-time high. All this has pushed one measure of consumer confidence to the highest level in about a decade.
  • Just don’t try to tell the good news to executives at some of the oldest and biggest U.S. retail chains.
  • What’s especially troubling for the industry is that the combination of low inflation, low unemployment, and rising wages should be fertile ground for success.

“So it’s a challenging environment for these specific companies, says Ken Perkins, president of researcher Retail Metrics, not consumer spending as a whole. Amazon.com Inc. (No. 1) is an obvious problem for almost every established retailer, thanks to surging growth and market share gains.”

https://www.internetretailer.com/2016/10/25/note-retail-execs-problem-isnt-consumersits-you

Related posts:

  1. Retail Role Call: A Look at Retail Trends Past and Present
  2. Retail On-Demand: 4 Strategies to Attract Consumers
  3. Ditch Amazon: The Reason Many Retailers Are Leaving
  4. Are Top Retailers Pricing Dynamically? – Wiser Retail Strategies

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