4 Retail Trends That Have Put Shoppers In The Mood To Spend
The retail business isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood to spend. What’s driving it? A booming economy and companies’ own efforts to try to Amazon-proof their businesses. That means making their stores more pleasant, updating their websites and speeding up delivery. The bounce is a welcome reprieve from talk of a retail apocalypse that flourished after a spate of bankruptcies. Plenty of stores are still struggling, particularly mall clothing chains like Victoria’s Secret and department stores like Sears. So is it the start of a sustainable revival? “It’s a retail renaissance for a core group of retailers,” said Ken Perkins, president of research firm Retail Metrics. “They’re set to glide on this path for a couple of years,” he added. “But specialty apparel stores are going to struggle.” Read more at The Seattle Times.
