It's Premature to Say That the Retail Apocalypse Is Over: Augusto Beato

September 14, 2018
Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

Portland SEO's Augusto Beato says it's premature to declare that the retail apocalypse is over without assessing the impact of a soaring economy and retail chain closures that have left market shares to those still operating.

Retail apocalypse is a term used to describe the ways a shift in consumer spending patterns may be impacting the traditional brick-and-mortar retail store business model.

Beato, the CEO of Portland SEO, was reacting to a pronouncement by Neil Saunders, managing director of GlobalData Retail, that the, "American retail sector is enjoying a renaissance."

Retail stores seeking to improve their online presence to boost sales may engage the services of Portland SEO by clicking here. They may also reach Augusto Beato through this link.

Saunders based his statement on sales of Target's stores rising 6.4 percent during the second quarter, which is its biggest increase since 2008 when the retailer first started reporting that metric.

Target, Walmart, Nordstrom, Kohl's, and TJX Companies reported strong earnings results this quarter.

In July, retail sales were up 0.4 percent on a seasonally adjusted basis, an increase of 4.9 percent unadjusted year-over-year, according to The National Retail Federation.

Because of these figures, analysts including Saunders were of the view that the tide may be turning on the retail apocalypse, which wiped out thousands of stores.

Beato, however, agreed that there is a divide growing between stores who have been able to adapt to changing times and those who are now lagging behind.

Target has been investing in its stores, opening smaller locations in urban centers, rolling out new partnerships and private-label brands, and doubling down on e-commerce, an area where it has lagged behind its competitors.

On the other hand, both Macy's and J C Penney's stock tumbled earlier this month after reporting earnings. JCPenney was down by as much as 25 percent in premarket trading and downgraded its full-year guidance for earnings.

SOURCE: Press Advantage [Link]

Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

About Portland SEO :

Here at Portland SEO we earned the reputation as the best Internet Marketing Service in all of Portland for a reason. We offer unparalleled search engine optimization marketing plans Reputation Management and Portland web design Services.

Contact Portland SEO :

Augusto Beato
616 SE 68TH AVE #101
Portland OR 97215

Social Media:

Additional News Releases From Portland SEO :

December 20, 2018Easy Return Experience Crucial for E-commerce Firms, Says Augusto Beato

December 19, 2018Last Mile, E-commerce Continue to Eat Up Warehouse Spaces, Notes Augusto Beato

December 14, 2018Augusto Beato Sees Big Opportunities in Payment Fraud Solutions

December 12, 2018E-commerce Firms Need to Address Packaging and Environmental Issues Swiftly: Augusto Beato

December 10, 2018Supply Chain Firms Need to Appreciate Benefits of Digitization: Augusto Beato

December 05, 2018Trucking Industry in Need of Ideal Resolution on Independent Contracting: Augusto Beato

November 30, 2018E-commerce Deliveries Will Keep Postal Industry Above Water, Avers Augusto Beato

November 27, 2018Holiday Shipping Cost for Online Stores Gravely Eating Into Profit Margins: Augusto Beato

November 23, 2018Ikea Proves that E-commerce Can Boost Employment, Asserts Augusto Beato

November 19, 2018Augusto Beato Recommends a Tailor-Made Omnichannel Approach for Retailers