The Death of Retail?

By |2017-07-27T11:06:09-04:00July 14th, 2017|Categories: Global Market Update|Tags: , , |

Are we facing a retail apocalypse? Photo: Cbikle. Source: Morguefile That’s the story that’s being told. Payless, Radio Shack, Rue21, and The Limited have all filed for bankruptcy this year, as have five other retailers. Over 4,000 physical stores have been impacted. There are fewer than 750 Kmart stores open now, down from over 2000 at their peak, and their owners plan to close more stores. Since late last year, general merchandise retailing has shed over 80 [...]

The Death of Retail?

By |2017-01-19T12:00:20-04:00January 18th, 2017|Categories: Global Market Update|Tags: , , |

“The report of my death was an exaggeration.” Photo: A.F. Bradley. Source: Library of Congress That’s how Mark Twain responded to a story that he was dying of poverty while on a visit to London. He was undecided whether to be annoyed or amused. He was just 62 at the time, and while a little frail, was in excellent health. A cousin of his – James Ross Clemens – had been seriously ill, and the papers confused [...]

Retail Therapy

By |2016-12-01T12:38:38-04:00June 16th, 2015|Categories: UI Journal|Tags: , , |

By Karen Crump What's your favorite past time? Mine is shopping... I enjoy shopping for special occasions - birthdays, holidays, household decorations and of course shopping for new clothes. Shopping also known as "therapy" makes us feel good and that can explain why consumer spending makes up 2/3 of GDP (gross domestic product). Well, no, that is not really the explanation but we the consumers do like to spend money. So, when I hear the headline news [...]

Eating the World?

By |2016-11-17T16:35:32-04:00October 24th, 2014|Categories: Global Market Update|Tags: , , , , |

Maybe Amazon won’t be eating the world.Yesterday Amazon reported its third quarter results. And they weren’t pretty. In spite of growing revenues another 20% from a year ago, the company lost over $400 million the third quarter, up from a $40 million loss a year ago. Included in these numbers was a $170 million charge for their smartphone, which hasn’t been selling very well. […]

The Law of Unintended Consequences

By |2016-11-17T17:17:11-04:00July 13th, 2012|Categories: Global Market Update|Tags: , , |

What’s up with retail stores?A list of the top-20 retailers in the US yields the usual suspects: Walgreen, Kroger, Target, and of course the 800-pound gorilla, Wal-Mart. In 2011 we spent over 1.1 trillion dollars on retail purchases from these stores—almost 8% of the economy, and a 5% increase from a year earlier.But there’s a new kid in town. […]