If even toy sales are down 15% at Christmas, how in the world could overall sales be good? On this board I see sears, wal-mart, all big retailers had a bad holiday season, REALLY bad.
Don't tell me Amazon did it either, Amazon is a small fraction of total retail sales, nowhere near big enough to overcome these stores and their bad sales. I'm starting to suspect the media is feeding us lies, like our execs do when they say no layoffs or everything is wonderful, then they chop heads.
There is literally nothing TRU can offer better than Amazon... a lot of the time cheaper and product quality the same. It’s not like a grocery store picking out fresh produce. Best Buy and other retailers like them will be dead in a few years while Targets, Walmart’s, and other stores like them will be slowly keeping their heads above water trying to survive. It’s like old technology eventually it all goes extinct when newer and better products hit the market.
Why would anyone believe what the Media tells them? They give you an "illusion" and only give you half the truth (if that)
Well said mym.
In terms of the retail space, Walmart & Target are discounters, they will survive, and there are others that have properly segmented their markets who will are doing well.
To the first post- Amazon beating the retail space like you wouldn't believe. You have to think in terms of overhead, scale, and a number of other factors that your leaders would struggle to conceptualize.
The re-sellers are all going to die. What's sad about TRU is that it was supposed to be a category killer... but there's a toxic level of incompetence and collective acts of chicanery that makes for an awful mix.
Don't kid yourself, your leaders are bilking what they can before it all topples over.
I want whatever you’re smoking.
Amazon took in 1.3 billion on Black Friday. That’s a 27% share of sales with Best Buy getting 8% and Wal-Mart picking up scraps at 4%. Everyone else was dead in the water.
Apply that sales trend to the macro picture of holiday sales and you’ll see that Amazon wins, and the only surviving brick and mortar are electronics and a store that can sell a little of everything at razor thin margins (Wal-Mart.)
That’s a death sentence for every type of speciality retailer. Especially for places like TRU where corporate is especially inept and out of ideas. You have to have a progressive and intelligent team to keep a retail business afloat. TRU isn’t even at the table.
I think if you check a few more media sources you’d see that what they were really saying was that some brick and mortar retailers were going to dodge a bankruptcy bullet due to overall consumer confidence. It was in no way a denial or glossing over of the death of retail. Just a temporary life raft.
Dust off your resume.