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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: An article from a millenial about the future of many B&M posted by RGA on June 8, 2017 at 17:30:35:
Retail sales in the US is about $5.5 trillion and is growing at about 3%.
The share of online sales is growing. Currently it is 7.5% and will be about 10% in 2019.
But this means that retail sales for bricks and mortar only stores are in decline.
While the article is nice and moralizing about the foolishness of millennial parents, it's about as uninformed as the criticisms that flow the other way. The data does not indicate any of the sanctimonious conclusions of the article.
Spending habits of ALL generations are slowly splitting into High/Low - where people find things they care about and really spend a lot (such as, the latest gadgets, fancy cars, stereos, vacations, etc. -- but it depends upon the person) and the rest of their spending is as cheap as they can get it.
This has hurt mid-market department stores the hardest. But this trend was well underway from the 1980's and 1990's.
Debt is an issue, but the people deepest in debt is millennials, and not just student loans.
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Follow Ups
- RE: An article from a millenial about the future of many B&M - Bromo33333 07:51:56 06/25/17 (0)
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