Pricing

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

Download as PDF Single Release RSS Feed
Facebook Twitter 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.

Download as PDF Single Release RSS Feed
Facebook Twitter 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

10350 SE 54TH AVE #101
Portland OR 97222

(503)278-5599

Social Media:

Additional News Releases From Portland SEO:

June 04, 2020Hybrid Truck and Drone Delivery a Game-Changer for LTL, Says Ice Break's Augusto Beato

May 19, 2020Crackdown on Roofing Industry Abuses Should Discourage Repeat Offenders: Portland SEO's Beato

April 30, 2020Pick Roofing Contractors Who Show Licenses and References, Reminds Portland SEO's Beato

March 13, 2020New Pattern of Ordering Goods Require Shipping Flexibility, Says Augusto Beato

March 11, 2020Roofing Businesses to Benefit from Lead Generation Experts

March 10, 2020Coronavirus Outbreak Reveals Importance of a Well-Managed Supply Chain

March 02, 2020Coronavirus Issue Being Used For Online Fraud, Warns Augusto Beato

February 29, 2020Detection of Food Ingredients That Causes Cancer in Children Should Support Ban Against Glyphosate, Says Augusto Beato

February 26, 2020Seattle Based Organization Expands Awareness About Naturopathic Medicine: Welcomes Dr. Joe Pizzorno To Board Of Directors

February 24, 2020Amid Threats of Climate Change, Children in Dire Need of Heroes, Says Augusto Beato