When Local Stores are Digital Too

November 20, 2017

When Local Stores are Digital Too

November 17, 2017 | Mark Cummins | Ad Age

Offline retail is finally about to change. But the shift is more subtle than many people think.

The internet has still barely touched how most things are bought. After two decades of the internet and the mobile revolution, 91% of U.S. retail spending still takes place in brick-and-mortar stores. Traditional retail sales continue to grow, exceeding $5 trillion this year. Amazon is growing faster, but is still a drop in the bucket.

 You’d be forgiven for thinking that offline retail is about to keel over and die. Headline writers attract clicks by proclaiming the “retail apocalypse.” There’s plenty of material to fuel the narrative, from struggling mall operators to large bankruptcies like Toys R Us. Yet the numbers don’t match this gloomy narrative. In 2017, the U.S. will have a net gain of approximately 3,000 new stores. (Apparel is having a tough time, but other sectors are growing strongly.) In total, offline retail sales will increase by about $70 billion, which is equivalent to half of Amazon’s annual revenue. Brick-and-mortar will continue to dominate retail for a long time to come.
Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.