More About The Great Collapse In Retail

kingworldnews.com / March 23, 2017

With so many chains running into serious trouble, here is more about the great collapse in retail…

A portion of today’s note from Art Cashin: Retail Revolutions Are Neither Rare Nor Permanent – Sears, Roebuck and company recently issued a very strong caution about its ability to survive while moving forward. That instantly brought to memory the near dominance in retailing Sears had once attained. The fascinating story of the rise and reverse of Sears is wonderfully outlined as part of some recent presentations by my good friend John Mauldin. 

I contacted John, who in his normal gracious manner gave me permission to preprint his wonderful outline. Read, learn and enjoy. 

(John Mauldin) The Amazonian Jungle
Let’s start with a story to illustrate my concern. There is a company in the United States that began by offering a few products directly to consumers, and then quickly expanded its offerings until they included almost everything a person could want. This company went directly to the consumer, bypassing local brick-and-mortar stores, and became enormously successful, meeting the needs of its customers all over the country. Of course, the local stores were often (as economists will say) “disintermediated,” which is a fancy way of saying they couldn’t compete on price and selection, let alone delivery and convenience, and went belly up. And with them went the jobs of the people they employed. 

READ MORE

The post More About The Great Collapse In Retail appeared first on Silver For The People.