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The New Age – Retailing in Turmoil

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Looking ahead I see a complete change in retail formats. The traditional way is out – retailers are looking for new ways to survive.  Growth is slow.  It has been stunted by changing consumer attitudes. Today millennials buy to need, not when retailers are ready to sell. There is also a shift by consumers to more expenditure on food and healthcare, which detracts from general merchandise sales.  Adding to the pressure, the outlook for the fall 2015 back-to-school season has deteriorated in part because many colleges have increased costs (as much as 16%).  At the same time, shareholders expect retailers to find new ways to show profitable growth. …

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Forbes  8/3/2015

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