What in the World Is Causing the Retail Meltdown of 2017?

From rural strip-malls to Manhattan’s avenues, it has been a disastrous two years for retail.

There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s, and Sears have each announced more than 100 store closures. Sports Authority has liquidated, and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters, and American Eagle, and Ralph Lauren announced that it is closing its flagship Polo store on Fifth Avenue, one of several brands to abandon that iconic thoroughfare.

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The Connected Fitting Room eliminates personal interaction with salespeople

fitting room

The Connected Fitting Room

Retailers rely heavily on online shopping. This has many advantages to in-store shopping for both the customer and the retailer. Online shopping doesn’t allow for spontaneous purchases. But it also doesn’t permit the customer to try on a garment. Seeing how a color looks against your skin or how an item fits on your body is imperative in deciding whether or not to keep an item, and this is only possible through actually going into a fitting room.



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Retailers should be embracing the omnichannel


Thanks to the disruption that the Internet, mobile phones, and social media are all bringing to the shopping experience retail is at a reset moment. It means the entire supply chain — retailers, suppliers, and third-party logistics providers (3PLs) — has to become more efficient, competitive, and knowledgeable to be able attract and keep customers.



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Holiday shoppers were too fast for even the cleverest algorithms this season

A late surge in online consumer buying overwhelmed the ability of e-commerce retailers and shippers to get products out on time.

Holiday shopping activity was greater than expected, signalling the economy is steadily continuing on a strong growth path. Even though holiday shopping was greater than expected it caught a lot of retailers and shippers by surprise.


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JustDelete.me makes deleting yourself from the internet easier

A new site called JustDelete.me makes vanishing from the web much, much easier.

It’s hard work to delete yourself from the internet. First, you have to decide where exactly you want to disappear — from social media sites to retailer databases — and then you have to figure out how you’re going to do all that.



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Brick and mortar stores are back, same-day delivery service is the reason

Traditional retailers who have retained their national chain of stores and built a web/mobile presence are actually in the best seat.

Shoppers are demanding faster and faster delivery on the items they order online, and organizations like Amazon and eBay have conditioned them to think that’s reasonable.

And you know what? It is.



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Showrooming is on the rise: Report

25% increase in the use of mobile phones in retail stores.

More shoppers are using their mobiles for ‘showrooming’, checking prices and product information while shopping in stores. There has been a 25% increase in the use of mobiles in retail stores, which has significant implications for retailers, according to JiWire’s Mobile Audience Insights Report for Q2 2013.



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Moms lead trend in mobile shopping

Moms tend to lead shopping and mobile trends.

More shoppers are becoming increasingly comfortable using the smartphone or tablet to browse retailer offerings, look for discounts and compare products. For moms especially, who tend to lead shopping and mobile trends, the use of these smart devices may have reached the tipping point: Mobile has become more than a nice accessory to augment the shopping process; it has become an essential stop in the path to purchase.



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