Two Numbers That Show How The Internet Is Ripping The Traditional Department Store To Shreds
Oct 29, 2013, 18:36 IST
Why are stores like Sears in so much trouble?
Advertisement
This table from today's retail sales report provides a clue.
What you should pay attention to is the right column, which represents the year-to-date change in sales for each category.
Department store sales are down over 5% year to date.
Non-store retailers, which represents Internet retailers, have seen sales growth of over 10% year to date. (via Kelly Evans)
Advertisement
