How Desperate Are Things Going To Get For American Retailers?
American retailers surely have a tough time ahead in general. But it is the retailers catering to the luxury segment, who will be the most desparete in coming months.
'Value for money' is the current mantra. It may change in future but in the short term, better value is the biggest driving force for business.
The only silver lining is that luxury retailers who focus on providing exceptional 'customer service' may barely survive this desparate downturn.
In contrast, retailers who are focussed on bringing better deals to the average consumer, may actually see decent profit in the current time.
My opinion is based on my +6 years of management experience in retail industry.
I was a retailer in the Hamptons. A resort area for the very wealthy. The only stores that can survive are the ones that cater to the wealthy. All the smaller stores that catered to the middle class are closed. Mine included. We do not charge enough to make enough to cover the cost of the store. There are stores here who charge $550 for a dress, $1,200 for a handbag, and more. They don't have to sell as many items to survive and they have other stores open to pick up any slack in the Fall/Winter when our resort area is not inhabited by their clientele. It appears that middle America is suffering and it actually has been going on for over a year. They are trying hard not to spend all their money on frivolities. Look what happened last year, over 50 retail store chains closed "under-producing" stores to shave back costs. K-Mart and Wal-mart and such had let go of alot of employees and Did not hire for the Holidays this year. The lines were endless. Right now, there really is no way to know if this is going to get better anytime soon. The Stock Market has been steadily rising but no one has a clue as to why. To tell you the truth, I have a feeling that is not going to last either.
by Stacie L 11 years ago
A groundbreaking new investigation by a consumer watchdog group is raising the question: Is there a hidden danger in purses, an accessory that millions of Americans never leave home without?The Center for Environmental Health found lead in handbags sold at one out of four retail stores it...
by What's News 12 years ago
Do you use brick and mortar stores or online retailers to do most of your Christmas shopping?
by AprilBriann 15 years ago
I hate it for you chick, but you can be making money sharing those great ideas you have! Don't just sit home and keep feeling like a nobody!!! Making money will help you feel better and even look better, and you can do it easily with kids at home!Check it out, and read my Hub for more...
by Thomas Byers 11 years ago
You know what sort of debate I'd like to see? One with instant fact checkers, a buzzer that goes off when they lie, and a microphone that switches off when their time is up. And I would like to see them address the real issues like.1. The Homeless2. Hunger In America3. All Our Jobs Being Sent...
by jayorban 14 years ago
Uh huh. And pigs are starting to fly. I see things loosening up for the affluent. That's about it. Let it trickle down to the average joe and I'll have more of a comment.
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |