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3 Retailers Amazon Can’t Crush

When it comes to the increasingly competitive retail landscape, it is no secret that the rise of online shopping has put a dent in the sales of many traditional brick-and-mortar stores. E-commerce giant Amazon is often blamed for traditional retailers’ financial woes, with the convenience and economics of shopping at Amazon making it difficult for traditional Retailers to compete. But believe it or not, a good number of retailers have managed to survive Amazon’s rise to power. Take a look at these three retailers that Amazon can’t crush.

  1. Nordstrom is one of the few department stores out there growing its store count. Much of its success can be attributed to Nordstrom Rack, a discount line that has helped it attract discount shoppers. Additionally, Nordstrom has also made significant investments in online shopping and around 20 percent of all of its sales are now online, which has helped the company’s finances tremendously.
  1. Like Nordstrom, Target has also invested in online shopping. Over the course of the past two years, its online sales have risen 30 percent annually. It’s also changed its approach. Instead of building megastores, it’s working to build smaller stores that are easier to navigate in densely populated urban centers, making it easy and convenient for consumers to shop.
  1. Best Buy. Electronics retailer Best Buy is also thriving, having significantly beefed up its omnichannel presence and cut its expenses. Believe it or not, its stock has actually increased an impressive 75 percent over the past three years. In addition, it reportedly has plans to increase revenues by nearly 10 percent over the course of the next four years.

Ultimately, while online shopping is rapidly growing in popularity, a good chunk of customers do still opt to shop in stores. According to Forrester Research, 8 out of every 10 retail sales took place in stores in 2017. With the right strategy, traditional retailers can survive the e-commerce boom.

The post 3 Retailers Amazon Can’t Crush appeared first on Store Fixtures Blog.



This post first appeared on Affordable Store Fixtures And Displays For Retail, please read the originial post: here

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3 Retailers Amazon Can’t Crush

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