One retail CEO even compared the state of retail today to the housing bubble back in the mid-2000s.
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The stock fell — after pricing its offering below its expected range. A.J. Green UGA Jersey Handbag retailer Vera Bradley (VRA) underwhelmed Wall Street too. Canotte Milwaukee Bucks RadioShack just went bankrupt. nike air max 2017 femme rose nike buty sklep air max 1 pas cher Canotte NCAA Again.And Sears (SHLD) continues to hemorrhage red ink. The story is the same for these and other struggling chains like Macy’s (M), JCPenney (JCP), Barnes & Noble(BKS), Victoria’s Secret owner L Brands (LB) and Target(TGT). Shoppers are more inclined to click and order than visit bricks and mortar. Soldes Nike Pour Femme nike chaussures Amazon (AMZN, Tech30), of course, is the biggest beneficiary of this trend.
Its stock is up almost 15% this year and is trading near an all-time high. ADIDAS VALCLEAN2 CMF
Fjallraven Kanken Sale Big Jordan 4 Sale The company is worth nearly $410 billion — almost double the market value of Walmart (WMT). fjallraven kanken cheap So, to quote King George III in Hamilton: What comes next? Many retailers may be forced to shut even more stores and bulk up on their online commerce sites and mobile apps. asics pas cher
The head of Urban Outfitters (URBN) had a blunt, and scary, assessment of the retail situation earlier this week. baskets noires Asics Lyte Jogger During a conference call with analysts on Tuesday, CEO Richard Hayne compared the state of retail to the housing glut last decade that helped bring about the Great Recession. nike buty damskie “Retail square feet per capita in the United States is more than six times that of Europe or Japan. Asics Mexico damskie new balance 577 damskie And this doesn’t count digital commerce,” Hayne said. cheap jordans uk “Our industry, not unlike the housing industry, saw too much square footage capacity added in the 1990s and early 2000s.” “Thousands of new doors opened and rents soared. Colin Kaepernick – Nevada Wolf Pack This created a bubble, and like housing, that bubble has now burst,” he added. New Balance 420 hombre “We are seeing the results: doors shuttering and rents retreating. This trend will continue for the foreseeable future and may even accelerate.” It already is accelerating. Staples (SPLS) announced more store closures on Thursday. It joins a growing list of big retailers that are shutting stores, which includes both Sears and its subsidiary Kmart, Macy’s, JCPenney and Abercrombie & Fitch (ANF). Goedkoop Nike Schoenen 2017 goedkoop nike air max 2016 Electronics retailer hhgregg is closing many stores too after filing for bankruptcy this week. Ray Ban Air Jordan 4 Uomo Nike Trainers UK adidas stan smith uomo Wet Seal, American Apparel, Sports Authority and The Limited are closing all their stores after bankruptcy filings. New Balance 373 męskie Of course, not all retailers are bowled over by Amazon.Walmart, thanks in part to its purchase of e-commerce startup Jet last year, is starting to gain momentum in digital commerce.Shares of Best Buy (BBY) and Costco (COST) are both up this year as well, despite increased competition from both Amazon and Walmart.Home Depot (HD) and Lowe’s (LOW) are holding up nicely too.
And it sort of makes sense. Builders are probably more inclined to buy plywood and other supplies at a big store than online. Womens Jordan Retro 5 Roshe Run Homme Pas Cher New Balance Pas Cher nike tn 2017 homme Children’s Place (PLCE) was also a retail standout, reporting results earlier this week that topped forecasts. billige Nike sko norge
The stock surged nearly 20% on the news.
And there are several mall-based apparel chains that are still doing quite well, most notably fast fashion stalwarts H&M, Zara and Forever 21. asics gel kinsei hombre Nike Air Huarache Pas Cher But the dominance of Amazon is clearly taking its toll on the weakest links of the retail industry.