Bloomberg: The Internet Can’t Save Retail

by MR Magazine Staff

But a deeper look at e-commerce sales trends tells a different story. It suggests online shopping isn’t yet the saving grace retailers had hoped for when they began plunging billions of dollars into new websites to lure shoppers accustomed to ordering everything from books to dog food at the click of a mouse or touch of a screen. In fact, e-commerce sales growth at companies like Walmart, Nordstrom, Gap, and JC Penney has actually been slowing, even as the companies sink more money into boosting online sales. Read more at Bloomberg.