Once known as the world's manufacturer, China has emerged as a destination for retailers from around the world to sell. A growing middle class with consumers willing to spend, Chinese retail sales grew 9.6 percent in 2016 and was on track to surpass that for 2017. Primarily fueled by e-commerce, retail is undergoing a big change and evolving in what is called O2O – online to offline. -Cathy Morrow Roberson, Founder/Head Analyst, Logistics Trends & Insights LLC
If you want an explanation of why brick-and-mortar retailers are struggling today, industry observers say, look no further than Amazon. But there’s more to the picture than that.
As expected when it filed for bankruptcy protection last summer, struggling toy retailer Toys ‘R’ Us is closing an enormous number of stores, 180 stores to be specific or nearly 20 percent of its fleet, as it tries to get back to being a viable chain.
There’s a Costco to one side of Gwendolyn Hammer’s house and a Sam’s Club to the other. But when the 28-year-old needs 12-packs of paper towels, or 36 rolls of toilet paper, she heads online instead.
Amazon has whittled its list of potential sites for its second headquarters from 238 bids across North America to just 20, the company announced last week.