As internet shopping booms and booms
Bewleys loose their long running case against Johnny Ronan.
businessetc.thejournal.ie/bewley … 2-Jul2014/
Will have to pay 1.5m per year rent on their city centre rental. That’s a lot of tea and coffee to sell in the days of coffee capsules.
Simple solution. Shut up shop or stop paying out. Wait.
Something tells me Johnny would understand.
Goodbye, Malls of America. Those Kids and their Computers.
Outraged jeweller lashes out at ‘extortionate rents’ in city shopping centre - Mark O’Regan -> independent.ie/irish-news/ou … 70457.html
It’s a surprise that many bookstore chains remain operational tbh given that books are one of the products best suited to online purchasing. Eason need to seriously diversify if they are to remain relevant.
A bit of the downturn can be simply put down to the fact that more schools are running “book rental” schemes where last years books are reused.
I presume online retailing will grow its share of Christmas sales again this year. The UK appears to have adopted America’s “Black Friday” (Nov. 28th), and now there’s “Cyber Monday” as well (Dec 1st).
Christmas sales aside, what I’m starting to notice is that there are very few things that are not cheaper and easier to buy online anymore. Last week I needed a couple of switches and pattress boxes, two metres of 4-core wire, and some connection blocks – about twenty quids worth all in. I was shocked to find that for such a small order it was still cheaper to buy them in the UK, have them shipped to northern Ireland, and parcel motelled down to Dublin, than to buy them in Woodies. How have things gotten this bad?
Guessing the high cost of doing business (Govt imposed costs) & price gouging by UK multiples.
That’s what I guess too. It’s going to come a cropper though, surely. I haven’t bought books or electronics locally for years. Now it’s small items too. Probably clothes and shoes next. And all this even against a backdrop of strengthening Sterling. I’m a middle-aged geezer – I can only imagine the younger online-friendly generation are doing the same in ever greater numbers. I can’t see small retail even existing in twenty years for most types of goods.
Web sales are now being driven in part by a large increase in the number of retailers offering free shipping, click and collect, and no quibble return policies, similar to Costco’s, plus the increased mobile conversion rates seen from greater use of QR codes. Interwebs doesn’t need to have the lowest price, just be broadly price competitive, and offer other value propositions, particularly convenience.
This, after Target had a security lapse earlier this year that had 70 million customers cc’s compromised. Wall St was watching anxiously for these results.
This publication has been around since 1999, publishes lots of stats on web sales.
Clothing is still a tricky one with sizing and quality issues. Shoes not so much if you stick to the exact same ones. It’s odd that no one has figured out a way to create a biometric scan that could be used to select clothing. I’m sure it has been done, but for whatever reason it hasn’t been commercialised yet. I can imagine a future where you walk into a scanning machine in the shopping centre or high street, create your profile and have shops and clothing suggested for you based on your preferences. And the very same when you use your profile for online shopping.
Try something on in a shop, then find exact match online. And, I agree with earlier poster, suddenly I’m finding that an awful lot is cheaper and more convenient to buy online.
There’s no shortage of apps and other tech to help you choose the correct size.
The outlook for the small Irish rural independent that Dipole laments may not be great, but they still have ammunition in their arsenal with which to fight, if only they’d use it.
Argos, Curry, Sainsbury, Tesco, John Lewis etc.
If you’re more than a couple of standard deviations from the mean, even the first bit can be difficult. The range of 28"/33" trousers in most high street chains is negligible.
(I think we touched on this kind of problem for oddly shaped people in a fashion thread a couple of years ago.)
It’s a lot easier to do this in Florida, than say Chicago, but you still have to be nuts.
People will be closely watching the evolving dynamic between online/offline, fixed/mobile sales for TG, BF, and CM.
IBM and several others were almost live blogging their respective figures and analysis, see link.
www-01.ibm.com/software/marketin … alert.html
In 2013 BF total sales were about $57B, of which $1.2B were online. Cyber Monday had about $2.3B. BF sales have been suffering due to a big rise in Thanksgiving Day sales, making it a two day event. Best deals are on TG to lure people out from watching football or fighting with family.
In 2014 Alibaba increased it’s 24 hour annual anti-Valentines Day, November “singles day” promotion sales to $9.2B, from $5.7B in 2013. That’s nearly 10% of Amazon’s annual sales in one day. Vendors had to offer at least 50% off to participate.
Link to 2013 Black Friday stats, with further embed link to Cyber Monday stats.
Just as there are signs of a “peak” in the US, and the Beeb is reporting skirmishes over “doorbusters” in the UK…