Retailer Survival And The Role Of Digital Marketing
In the wake of the Great Recession, it appeared that brick-and-mortar retail was all but over. Pundits used terms like “retail apocalypse” as weak consumer spending led to deep declines in sales, which were already lagging due to the rise of online shopping.
Even in today’s strong economy, household incomes are not keeping up with inflation, and consumers are spending their money on other priorities, such as education, healthcare and housing.
Many established retailers continue to struggle in this environment. JCPenney, for instance, has seen declines in profits and store traffic. Sears is closing stores and filed for bankruptcy, months after it began thinning its marketing department. But it’s not all doom and gloom, as some retail stores see growth.
In August, Target reported its strongest same-store sales numbers in 13 years, and traffic to its stores rose 6.4% during the second quarter – the biggest increase since 2008. American Eagle Outfitters, Inc. has also had tremendous growth in the past year, gaining a solid 86.5%, compared to 29.87% industry growth. So how have these retailers survived as others have languished?
Click here to view original web page at Retailer Survival And The Role Of Digital Marketing
Key Trends in Local SEO: What Businesses Need to Focus on in 2025
What if your website gets lost in the digital noise? What if it fails to reach your target…
0 Comments9 Minutes
How a Restaurant Marketing Agency Can Transform Your Business
Food is the most important thing that helps a restaurant build its reputation. Apart from food, a…
0 Comments6 Minutes
Digital Marketing: The Ultimate Guide On How To Change Your Business And The Way It Operates
Marketing has without a doubt been the heart of all enterprises. But now the scenario is distinct…
0 Comments7 Minutes
10 Ways to Build a Strong Online Reputation for Your Online Business
We live in a society where almost everything has shifted to the digital world, including shopping,…
0 Comments12 Minutes
Marketing Your Events: How to Keep Your Attendees Engaged?
Undoubtedly engagement at an event is significant for its overall success, and modern technology…
0 Comments12 Minutes
How to Manage Multiple Reddit Accounts
Reddit is more than just a social platform; with 82% of Zoomers trusting the platform’s review,…
0 Comments3 Minutes
6 Ways to Fund Your Digital Marketing Business
Digital marketing is one of the most lucrative online careers, but just like any industry, there…
0 Comments7 Minutes
Web Application Development: Trends and Best Practices 2024
Web applications are the solutions that are at the core of today’s enterprises. The fast pace of…
0 Comments8 Minutes