Thursday, March 15, 2018

Consumer economics driving retail bifurcation

Chain Store Age

The so-called ‘retail apocalypse’ is a myth. But retail industry bifurcation is not — and those in the middle are in a tough spot.

That’s according to a new study from Deloitte, which found that, rather than a battle of online against brick-and mortar, retail is changing in line with consumer income bifurcation. The revenues of both higher-end and price-conscious retailers are soaring, growing 81% and 37%, respectively, while those in the middle realized a mere 2% increase in sales during the past five years.. . . more