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Originally Posted by Undertoad
There's a new "normal"! Because in 2016, people made 51% of purchases online.
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The survey, now in its fifth year, polled more than 5,000 consumers who make at least two online purchases in a three-month period.
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Wait a minute, they only polled people who had made 2 or more online buys? What about the people who made one or none? Biased much?
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Walmart is closing 3% of their US stores this year! Amazon and Walmart grew at the same rate last year but Amazon did $82.7 billion in sales while Walmart did... can you guess... $12.5 billion!
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Walmart has been closing tons of stores for years, they're the largest owner of unused retail space in the nation. It has been part of their plan to open a store, kill off the local mom&pops, then combine several stores into one location when the shoppers no longer have a choice but drive 40 miles to the new store.
Yes, Amazon is killing everyone with their 3% margin.
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2/3rds of people surveyed compare stores prices with prices on their phone.
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From that same bias poll...
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The survey showed that 44% of smartphone users made buys through their devices, compared to 41% a year ago.
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How many people don't have smart phone, and how many smart phone owners don't have another internet connection? That's not as crazy as it sounds, there's a lot of smart phones in the hands of people who can't afford any other internet toys and only have access through free WIFI.
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Mark my words... the malls are going to be closing. Only big destination malls will survive, but even those are going to have to change. (KoP Mall, nation's second-largest and the only one visited by two Cellar moderators this week: instead of a Sears anchoring its western end, there's now a Dick's Sporting Goods. That's unthinkable 20 years ago.)
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You may be right, but I think "retail is dead" is overblown, or at best premature.
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And all this is happening in a growing economy!
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But that growth hasn't trickled down, the people getting the benefit don't shop, they have people to do that for them.