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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: RE: An article from a millenial about the future of many B&M posted by RGA on June 25, 2017 at 06:47:32:
"The reasons these companies are going out of business is because there aren't enough people with enough disposable income to spend the money"That's actually not true. Retail sales in the US is growing 3-3.5% a year. If what you said was true then the amount being spent would be lower year to year.
Try some mid priced items if you are having trouble. You might need to give up being "fashion forward" but that's what the extra money gets you.
Milennials are getting squeezed for housing as well as education - so is everyone else. Given communication networks and jobs, there is no need to live in the most expensive cities (which have never really been affordable for most people, just even less now). There are lots of options at least in the US (I know in Hong Kong there might not be).
We live in a sea of low price/low quality goods these days - you can and should seek out the middle priced goods.
But ... B&M shakeout is going on - it's not because the money isn't being spent - it is - it's just mid priced department stores, and mall stores (always low margin) are getting nailed because their lunches are being eaten by Amazon.
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"You are precisely as big as what you love and precisely as small as what you allow to annoy you." ~ R A Wilson
Edits: 06/25/17 06/25/17
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Follow Ups
- RE: An article from a millenial about the future of many B&M - Bromo33333 09:13:08 06/25/17 (0)
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