E-commerce grew by 250% since 2005 & still only 12% market share in US, i have done heaps of research on this & everything suggests retail stores will not be able to compete with E-commerce for a number of reasons.
Just as a recent example, i was shopping around for a nice worm jacket, i spent 3 hours at highpoint shopping centre, everything i looked at in Myers & DJ's was the same outside of them & nothing was nice anywhere, it's like everyone has ran out ideas to to keep retail fresh, instead opting to copy whatever everyone else was doing.
It's so friggin frustrating to see find something new, even worse everyone walking around the shopping centre is wearing those same cloths.
I got home, made a coffee, opened up my computer & jumped on ASOS. With in 30 min i had a found what i was looking for at a decent price, 3 day's latter i was wearing my new jacket. What's even better is that not meany will be wearing the same thing.
It's not just me that does the above, my girl got me on ASOS , her friend told her about so on & so on. They all shop & prefer e-commerce to retail, free returns, cheaper , connivance ect.
eMarketer expects retail ecommerce sales will increase to $4.058 trillion in 2020, making up 14.6% of total retail spending that year.
https://www.emarketer.com/Article/W...es-Will-Reach-1915-Trillion-This-Year/1014369
Only 14%% ?? i'm sure e-commerce will be a better investment then this
Here is an article saying hedge funds going to short US malls
http://www.valuewalk.com/2017/02/hedge-funds-next-big-short-us-malls/
Few years back Myre decided to bring in TopShop , i thought that was a really bad idea.. TopShop ? Should be Target or something, not Myre.
I think the better question is, do you see growth with Myre, and at what pace ?
There is better alternatives IMO , Shopify NYSE: SHOP will be a decent one if think Amazon or Ebay are bit to much
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E-commerce grew by 250% since 2005 & still only 12% market share...
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