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
(503)278-5599

Social Media:

Additional News Releases From Portland SEO :

June 17, 2019Creativity is Essential in Retargeting Efforts, Avers Portland SEO's Augusto Beato

June 10, 2019Importance of SEO for Portland Businesses in Retargeting Efforts Emphasized by Marketing Guru

June 10, 2019Marketing Guru Promotes Personalization in Staying Relevant to the Target Market

May 29, 2019Intensive Removal of Fake Accounts A Step in Right Direction for Facebook, Notes Social Media Expert

May 24, 2019Social Media Expert: It's Ridiculous for Police to Agree to Suspect's Demand for Facebook 'Likes'

April 16, 2019Facebook Should Reveal Reasons Behind Outages, Insists Social Media Analyst

April 12, 2019Trump Looking Good For Not Letting WikiLeaks Admiration Get in the Way: Social Media Analyst

April 11, 2019It's About Time Airlines be More Proactive Against Intoxicated Passengers, Asserts News Analyst

March 29, 2019Facebook Deals Big Blow on Data Privacy with Password Scandal: Digital Marketing Exec

March 27, 2019Can Apple Overcome Netflix's Big Advantage While Searching for Alternative Income, Asks Digital Analyst