How many of you are tired of hearing about COVID-19? Me too! With every channel continuously covering the virus and the latest political scandals, how many of you have heard that the retail industry is in trouble? In this post, I will explain the future of retail as we know it.
Good bye brick and mortar buildings. With everyone shopping online, mainly at Amazon, this is leaving many retail chains to close shop. Unless you live in the ice age, you have seen many chains filing for bankruptcy and closing their doors. Some of these stores include Elder-Beerman, SEARS, Kmart, and most recently Pier I Imports. The next potential victims on the chopping block include Justice, Loft, David’s Bridal, and Ann Taylor. Most of the stores on the chopping block is apparel. This doesn’t make sense to me given that we need clothes to wear on a daily basis. Is it possible that new clothing companies are replacing the old school styles of yesteryear? Yes! Likely? No!
With these brick and mortar stores disappearing, how are we supposed to try on clothes to determine proper fit, comfort, and appeal? True, we can try clothing on at home. However, if we don’t like it, the total cost can hurt us in the end. How? Even if returning the clothing is free, it would cost us in the total price of purchasing clothing online. Not to mention, the fees shipping companies would charge to ship other items. This would also cost us when ordering everyday household items. In the end it will hurt us — the consumer — not the multi-billion dollar organizations. Certainly not Amazon either.
My recommendation is to purchase clothing at a retail store whenever possible. I would also not purchase any stock in the retail sector until you did your research.
My viewpoint on this is until the online retail industry can find a better way for us to try on clothes virtually, we need to support the brick and mortar retail clothing stores.