JC Penney Is Fading. Nordstrom Is Struggling. Walmart Is Thriving. That Sums Up What’s Happening In Retail.
by MR Magazine Staff
Jul 25, 2019
Clothes piled high on tables. Clearance signs hanging from the ceiling. Promotions galore. Have you been to a department store lately? It might look something like that. It’s been a similar story for retail stocks. There’s a growing gap between the strong and the weak — the retailers that are struggling with a buildup of inventory ahead of the holiday season, and those that have a better grip on what consumers are looking for. Read more at CNBC.
My thought this started happening many years ago in regards to the state of retail. They never got it. Stores have been closing for years.
Of course now it is emphasized because of E Commerce and Amazon.
Walmart and discounters always had their base and that has not really changed. Of course JC Penneys and Sears never really had a great product in Apparel.
In fact retailers still don’t get what it takes to make the changes necessary to succeed in this New World.
The factories also need to change or they will not survive. You cannot have the same mindset of 10 years ago. They also need to change.
The entire Supply chain and timing is critical.
A change must be made to be able to be successful NOW.