Payless Files Bankruptcy, Will Close 400 Stores

[LittleBoyBlue]

Brick & mortar retail isn't going away.

BUT we (as a nation) are over-retailed. Way too much retail space, and malls will continue to take it on the chin.

However there are many categories that are better served by brick & mortar, such as products that are heavy (i.e. costly to ship), products that we need immediately, products that are perishable, low cost products.

Amazon doesn't make much money selling stuff. Most of the money Amazon makes is through their web services division. Selling is expensive. And when the Internet sales tax thing goes into affect (and it will) it will become even more so.

I think you're going to see more "hybrid" brick & mortar/internet businesses.

In addition brick & mortar is going to have to become more interesting/entertaining such as what you'll find with Bass Pro.

For many of the stores/chains that are having issues it's easy to see why... I have no idea what Payless brings to the table. Ugly little mall stores that don't offer much in the way of customer service or providing a unique shopping environment.

Hmmmm.... Define "not going away"?

I mean, brick and mortar really is "going away"... has been going away since 2000... morphing into pick up centers for online purchases.




Oh, and... Payless is not going away.... it's just what we call the internet = pay less for EVERYTHING,

 

[MichaelWinicki]

Hmmmm.... Define "not going away"?

I mean, brick and mortar really is "going away"... has been going away since 2000... morphing into pick up centers for online purchases.




Oh, and... Payless is not going away.... it's just what we call the internet = pay less for EVERYTHING,

I say retail is contracting. No doubt about it.

But to think every brink & mortar retail business from Portland, Maine to Vancouver, Washington is going the way of the do-do bird... Not hardly.

 

[LittleBoyBlue]

I say retail is contracting. No doubt about it.

But to think every brink & mortar retail business from Portland, Maine to Vancouver, Washington is going the way of the do-do bird... Not hardly.

No. They will remain in the physical sense. But you will find a lot of retailers really ***** the books to show them in the black when in fact a lot operate in the red. Supporting one store with another store and/or online added in.

With Amazon shipping via drone anything and everything you want.... stores will be like a "remember when" thing...

 

[MichaelWinicki]

No. They will remain in the physical sense. But you will find a lot of retailers really ***** the books to show them in the black when in fact a lot operate in the red. Supporting one store with another store and/or online added in.

With Amazon shipping via drone anything and everything you want.... stores will be like a "remember when" thing...

I'm far from convinced the drone thing is going become a defacto delivery standard.

 

[LittleBoyBlue]

I'm far from convinced the drone thing is going become a defacto delivery standard.

Not defacto.... just another nail in brick and mortar.