Thursday 21 July 2011

Larger Retailers Downsizing.

Evidence in the US that larger retailers are in fact downsizing their stores as they adjust to new retailing particularly affected by online shopping.
The theory is that huge stock displays are no longer impressing shoppers probably because they can already see full ranges online before they go shopping. The evidence for this trend is restricted to the US with Best Buy, New Crate & Barrel and GAP Old Navy all declaring store size reductions of 20-25% although speculation already exists for a similar trend in Australia. We wonder if anybody told Costco that.