Friday, January 24, 2014

Wal-Mart needs to stay on the ball…

I’ve been to a dozen Wallyworlds in the last year or so all over the country and they are in deep doo. Same junk every year, no service, and always out of what you want…..granted some stores are better than others but…come on people!

I’ve gone in and NOT a single person said hi or can I help you…the kiss of death. No one seems to want to be there and they don’t act like they want you there.

Reminds me of K-Mart…..

Check out this article....

Shoppers can expect fewer and smaller stores in the future as more people shop online.

Get ready for the next era in retail — one that will be characterized by far fewer shops and smaller stores.

On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It's the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy's.

Experts said these headlines are only the tip of the iceberg for the industry, which is set to undergo a multiyear period of shuttering stores and trimming square footage.

Shoppers will likely see an average decrease in overall retail square footage of between one-third and one-half within the next five to 10 years, as a shift to e-commerce brings with it fewer mall visits and a lesser need to keep inventory stocked in-store, said Michael Burden, a principal with Excess Space Retail Services.

"I believe we're going to hear a lot more announcements in the coming months," Burden said. It's "an indication that there is a shift in the retail environment and it's one that will continue."

Molon Labe….

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