How Retail has changed over the past decade due to digital shopping.
The digital effect of digital shopping
How industries stack up
Retail filed bankruptcy since 2006 to 2019 and warning watch (JC Penny, J. crew, Neiman Marcus, Ascena retail and pier 1are on the list of possible trouble ahead
7500 stores shot down during our pandemic of 2019 to 2020?
shot down retail sores (few of the major stores Stein Mart, Lord and tailor, Victoria Secret, Nordstrom, man’s Wearhouse, Microsoft, GNC and the list seems endlessly)
Historical retail sales in trillion o US$
Shares of sales done online has grown by a factor of 2.6x and grown from 4.3 in 2009 to 11.2% as Q3 2019 Amazon is a huge part o the growth
Digital does get credit for growth shopping. However, in store captures retail sales consumers they are still verted to bargain shopping to majority discount retail such as TJ Max, Burlington, sales consumers they have shift back and the stores are still going strong.
The sad part seeing retail store g, is it removes the excitement o the holidays, example during Christmas all the window shopping it motivates you to enter the store and creates ambient off shopping
NEED ON APA FORMAT 2 pages
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