Online Shopping Is Killing American Retail Stores

< p > because consumers are more and more involved in online shopping, American retailers are facing a rapid and sustained decline in retail outlets. This also forces retail stores to consider selling abroad or reducing the number of new stores.

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< p > according to the data provided by ShopperTrak, which is based on tracking data from the major retail stores and passenger flow data market, except for a slight rebound in April this year, in the past two years, the monthly traffic volume of "a href=" http:// www.91se91.com/news/index_c.asp "> entity retail" /a "has decreased by 5% or more per month.

According to ShopperTrak data, even with the weather getting warmer, the volume of American retail stores still dropped by nearly 7% in June and fell by nearly 5% in July.

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< p > new data from Moodie show that as consumers' shopping habits begin to shift to online shopping, this has pushed retailers to reduce the number of new outlets and may lead to continued cuts in the number of new shops in the next few years.

Moodie's statistics also show that the revenue growth of the 100 largest retail stores in the United States has slipped from 12% over three years ago to less than 3% today.

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The change of preference of < p > a href= "http:// www.91se91.com/news/index_c.asp" > consumer < /a > is bringing pressure to retailers.

They no longer shop around in big stores, shopping on impulse. Consumers are increasingly using mobile phones and computers to compare prices of products, selecting promotions, and strictly checking shopping lists.

Even retailers offering discount services find it difficult to stimulate low income consumers' desire to buy at low prices.

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Walgreen Co, the largest chain drugstore operator in the United States, said on Tuesday that the volume of its non drug sector's retail sales decreased by 2.6% in July this year, P Walgreen said.

CVS Caremark Corp, the second largest drug store operator in the United States (hereinafter referred to as "CVS"), said that the reduction of passenger traffic and the removal of newly opened and closed stores led to a 0.4% decline in counter sales in the second quarter.

CVS also said that the decision to stop selling cigarettes partly led to a reduction in the volume of passenger traffic in the company's retail outlets.

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"Consumers are still quite cautious," said Helena Fox Helena Foulkes, President of P & CVS pharmacy.

She also said that more aggressive marketing campaigns have been launched this year.

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P, a US retail giant, warned investors on Tuesday that Taghit's second quarter financial data may be lower than previously expected due to the lack of enough sales to return to retail outlets.

After 6 consecutive quarters of decline in passenger traffic and data from last year's credit card data, Taghit's traffic has been declining.

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< p > Taghit predicts that the US sector is basically flat in the second quarter of the same store, and EBITDA (i.e. profits that are not included in interest, taxes, depreciation and amortization) will be lower than expected, mainly due to sales expenses brought by promotional activities, and sales of Canadian departments will be somewhat weaker than expected.

Earlier this year, Taghit expelled chief executive Greg Stanhafi (Gregg Steinhafel), appointed Pepsi Cola executive, and Brian Cornell, a former rival of WAL-MART, took over her position and awarded a $19 million 300 thousand stake to Brian Cornell.

Cornell will formally take office next week.

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< p > Taghit chief financial officer and interim chief executive officer, a href= "http:// www.91se91.com/news/index_c.asp" > John murgam < /a > (John Mulligan), said: "although the environment in the US and Canada continues to be challenging and the performance results fail to reach the required level, we are making progress in pushing up us traffic and sales, improving Canadian business and promoting Taghit's data pformation."

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< p > the volume of American retail industry is declining.

Last month, Family Dollar Stores, a discount retailer, said sales fell by 1.8% in the first quarter of May 31st as a result of a decline in passenger traffic.

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The decline in the volume of passenger traffic in a dollar store and a chain drugstore is particularly worrying for the whole industry. With the decline of passenger traffic, super giants like WAL-MART have begun to boost passenger traffic by introducing small retail outlets. P

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< p > although the volume of passenger traffic has declined, with the growth of employment and the improvement of consumer confidence index, the total retail sales in the United States have been increasing slightly since January.

Sales of chain stores such as good market and other stores are still growing, while Dollar Tree and WAL-MART plan to add hundreds of small retail outlets in the next few years.

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According to the data provided by the US Census Bureau, online sales now occupy more than 6% of the total retail sales of goods in the United States. < p >

Over the past two years, Internet sales have increased by more than 15% over the past quarter, and are having an increasingly significant impact on physical stores.

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< p > the US Securities and Exchange Commission has asked for best buy to list the company's online sales data separately.

Best buy said on Tuesday that the company allowed consumers to buy goods online and choose goods in the physical stores, making it difficult for companies to differentiate between online purchases and physical stores.

In the last quarter of May 3rd, best buy online sales accounted for 8.2% of total sales, up from 6.3% in the same period last year.

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Earlier this year, Staples CEO Ronald Sargent (Ronald Sargent) told investors that nearly half of the company's sales came from online sales, and the company plans to close hundreds of stores in the next two years. P

He said, "we have not made this decision hastily.

We are well aware that this is the right decision for the long-term business of our company.

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< p > over the past three years, Sears Holdings has closed more than 12% of its retail outlets and will close another 80 retail stores this year.

RadioShack plans to close 200 retail stores this year.

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