BY JEAN REGAN, PRESIDENT & CEO
New Adidas ZX Flux Multi Colors CHEVRON Rainbow B25394 Rare Men SizesJeremy Scott No Bones Adidas Size 11, RARE!!!,Adidas Pure Boost PrimeKnit
Another blow to retail stores this year was a widely read report by Credit Suisse which predicted that 25% of United States malls—about 275 shopping centers—would close by 2022. A recent article mentions the fact that the United States has a glut of retail space—23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia, the next two countries with the most retail space per capita.
Let’s look at Black Friday of 2017. All those people standing in line for hours, the rush of the crowd to nab the best sales when the doors of the store finally opened, the inevitable conflicts between shoppers over a limited number of super sale items – well, folks, those days are gone. Now Black Friday consists of sitting on your sofa, in your pajamas or workout clothes, with a cup of coffee, and purchasing your holiday gifts via your cell phone.
Why all the closings?
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
EQT Support ADV
With all this growth in online sales, it might surprise you to learn that in 2016, online sales only accounted for about 9% or $434 billion of the overall retail sales, about a third of which is derived from Amazon.
What is the Amazon effect?
In 2016 Amazon had about $136 billion in revenue, ranking it as the third largest retailer in the United States; the largest being Wal-Mart, with $486 billion in sales in 2016, and followed by CVS.
Since their IPO in 1997, which valued Amazon at $438 million, Amazon has grown to a $460 billion valuation and doesn’t show any signs of slowing down. With half of all U.S. households now Amazon Prime subscribers, Amazon is now trying to expand into the grocery market, pharmaceutical market and many other areas.
They also made news this holiday season by offering discounts on their merchandise from third parties to undercut other retailers.
What should retailers and manufacturers consider going forward?
All signs point to continued growth in the online market. I think all of us can agree that online purchasing will continue to grow and consumers will expect their purchases to arrive in quicker and quicker cycle times. In one article, Forrester predicts that online sales will account for 17% of the retail industry by 2022 (that’s up from 9% in 2016), and it’s hard to say where the growth will stop.
Retailers will be challenged to provide online offerings that match or exceeds Amazon’s selection, speed, and pricing if they don’t want to see their business shrink.
Since Amazon’s competitive strategy is heavily reliant on their logistics operations, retailers will want to examine their supply chain practices to make sure they’re as efficient as possible.
For some, the best option may be to sell through Amazon and/or Wal-Mart as a third party. Retailers may also want to consider diversifying or looking for appropriate mergers that would increase their selection.
Yeezy Boost 350 v2 Triple White Size 4.5,Adidas NMD Sneakers Reflective Stripe Size 10.5,ADIDAS SNEAKERS NMD R2 ARANCIONE BY9915,adidas Mens Terrex Trailmaker GORE-TEX Trail Running Shoes Trainers Sneakers,Adidas Y-3 Boxing YOHJY YAMAMOTO Authentic, New !,Adidas NMD R1 Bedwin US8.5 Black Ultra Boost $170PP,adidas Harden Vol. 2 contrete grey US 10.5 (eur 44 2/3), Männer, Grau, AH2122,Adidas Originals Jeremy Scott JS Tall Boy Winter Boots Shoes M29009, Sz 9Adidas Running SUPERNOVA Womens Coral Shoes Trainers - DB0912,adidas ZX 500 OG "Nigo" blue white M21520 - mens 8,Adidas NMD R1 STLT PK Trace Olive/Black-Solar Slime CQ2389 Men's SZ 11,Adidas Ultra Boost 3.0 Reigning Champ Light Grey Wolf 10.5,ADIDAS EQT SUPPORT 93/17 SNEAKERS BEIGE BIANCO NERO BZ0586Adidas NMD R1 PK x SNS "Datamosh" BB6364 Size 5.5-13 White Aqua 100% Authentic,Adidas Yeezy Boost 350 V2 Triple White Sz 10,Adidas CQ2028 Men NMD R1 STLT PK Running shoes pink white sneakers,Adidas Shoes Aw 4294 Cf Advantage Man White Sneakers Mode Casual,Adidas Eqt Support 93/17 Cq2394 Noir Equipement Baskets Originals,Fußballschuhe adidas Kaiser 5 Liga FG M 42050,adidas Porsche Design ultra boost UK8 S81204 torsion NMD ADV BOOST KING OG TRNew Men's Adidas Ultra Boost Parley Navy Size 10,ADIDAS CONSORTIUM X NORSE PROJECTS TERREX AGRAVIC SESAME/CLAY/FTWR WHITE,adidas Originals x Yeezy Powerphase Calabasas UK7 US7.5 /3 CG6422,adidas ultraBOOST ATR MID OREO LTD MENS 8.5/WOMENS 9.5 ( Ultra Boost ) Running,New LTD Athlethic Sneakers Size 9.5 Adidas Ultra Boost 1.0 "Grey Wool" S77510,Adidas Ultra Boost 3.0 Crystal White Silver Primeknit BA8922 - Limited EditionAdidas Running Shoes Sneakers Trainers Energy Boost m Black,ADIDAS CONSORTIUM X TRAINERS POLITICS GAZELLE PK CREAM & PURPLE SIZE BNIBadidas NMD R1 White Gold GS Sz 4Y-7Y New 2018,CP9639 Adidas Consortium x Avenue Men EQT 9316 Support black vegetable tan
TranzAct helps shippers like you reduce their transportation spend while providing the tools necessary to make better business decisions on an ongoing basis.
Our solutions provide shippers of all modes with freight audit and payment, reporting and TMS applications, rate negotiation and savings, contract development, consulting and analysis.
We're on Your Team & We're Here to Help
360 W. Butterfield Road
Elmhurst, IL 60126
+(630) 833 0890