Thursday, November 30, 2017
Brick and Mortar Clawing Back
That was the first sentence of our article in the Keypoints July issue, entitled Is Stability in the Air? In the article we cited that several major retailers reported modest comp store gains, or at least some flattening in the sales trend, for the first time in a long time. In recent years we’ve became accustomed to comp store sales declines as internet sales accelerated, so seeing some flattening in those trends was welcome sign.
For several reasons I am even more encouraged that we may be approaching a bottom. In just this past week, reports from GAP, Abercrombie & Fitch, and Foot Locker all indicated comp store improvement. What may be even more promising is the fact that all are mall-based retailers.. . . more