Tag Archives: pandemic

Retail is shifting from ‘ Brick to Click’

Retail Store Lidl reveals expansion plans for 2021 in the US

Working from home and avoiding nonessential travel are some of the precautions being taken to prevent the spread of coronavirus (COVID-19). As such, it is to be expected that gasoline stations are experiencing a decrease in sales. It is projected that revenue from travel and tourism will fall compared to 2019, with airlines, cruise lines, and rental cars already encountering a drop in year-over-year travel sales. 

The economic impacts of COVID-19? 

Influencing more than just the travel and transportation industries, the coronavirus (COVID-19) is forecast to have many social and economic impacts. Many people would be less likely to go to social spaces and events if the virus were to spread to their community. Most people expect the stock market drop that resulted from the onset of the COVID-19 pandemic to have a lasting impact on the U.S. economy, and a growing percentage of people fear the outbreak will personally impact them financially

Everything on Apps now

The pandemic has accelerated the shift to e-commerce — or “from bricks to clicks” — by about five years, according to data from IBM’s U.S. Retail Index. The numbers show department store sales plunged 75% in the second quarter, though that’s expected to improve slightly for the year to a 60% drop. Meantime, e-commerce is projected to grow by nearly 20% in 2020, and Target, Walmart and Amazon have already capitalized on the shift. The numbers also show a shift in spending priorities, with clothing diminishing while groceries, alcohol and home improvement spending increase.

Retail shrinking in the US

Pandemic or Covid19 whichever sounds less devastating to you, US is on a roller coaster of pandemic it was anticipated that worst has passed but ground stats are describing opposite. 77k confirmed positive cases have just been recorded in last 24 hours leaving state governors and business in deep trouble whether to continue unwanted and harming lock down or reopen sinking businesses. Its extremely fragile situation for administration. However various states are planning to resume back to normal by opening retail and small business back to business they realize another spike in confirmed cases which was described by Trump administration as ‘ more testing more cases’. Around the world, economies are cautiously reopening. Businesses are keeping one eye firmly on the here and now but also tentatively looking ahead to what’s shaping US brands to reset.

Retail closing outlets all across US


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Sinking Retail in this pandemic

It could take more nearly half of the decade to get back to normal

As communities around the world respond to concerns over the corona virus pandemic, we know that this time presents unique challenges for retailers of all sizes and the people they assist. It’s more important than ever to be there for shoppers in the most helpful ways — whether it’s letting your customers know a product is back in stock, providing information on how you’re taking precautions to ensure safety, or sharing an update on how your business and employees are adapting. Lets have a look on major brands how they are dealing with such uncertainty? Biggest Car Rental company (Hertz) filed for bankruptcy – they also own Thrifty and Dollar

Nissan Motor Co. may close down in USA.Biggest Trucking company (Com car) filed for bankruptcy – they have 4000 trucks.Oldest retail company (JC Penny) filed for bankruptcy – to be acquired by Amazon for pennies.Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months.Biggest investment company in the world (Black Rock) is signalling disaster in the world economy – they manage over $7 Trillion.Biggest mall in America (Mall of America) stopped paying mortgage payments.Most reputable airline in the world (Emirates) laying off 30% of its employees.US Treasury printing trillions to try to keep the economy on life support – their balance sheet will become $7 T+.Estimated no. of retail stores closing in 2020 – 12,000 to 15,000. The following are big retailers that have announced closing

Lets have a quick look which are the top brands who are looking forward and planning to reduce branches all across US which will ultimately leads to unemployment

— J. Crew
— Gap
— Victoria’s Secret
— Bath & Body Works
— Forever 21
— Sears
— Walgreens
— GameStop
— Pier 1 Imports
— Nordstrom
— Papyrus
— Chico’s
— Destination Maternity
— Modell’s
— A.C. Moore
— Macy’s
— Bose
— Art Van Furniture
— Olympia Sports
— K Mart
— Specialty Cafe & Bakery
and many many more…

World-renowned brands from January to May because of the impact of the epidemic:

Victoria’s Secret declared bankruptcy,
ZARA closed 1,200 stores,
La Chapelle withdraws 4391 stores,
Chanel was discontinued,
Hermes is discontinued,
Patek Philippe discontinued production,
Rolex discontinued production,

The world’s luxury industry has ceased production,Nike has a total of 23 billion US dollars, preparing for the second stage of layoffs,Needless to say about travel, The founder of Airbnb said that because of the epidemic, 12 years of efforts were destroyed in 6 weeks, Even Starbucks also announced “to permanently close 400 stores”Under the weight of the new crown epidemic, many giants are facing the crisis of failure!

Five months of the epidemic, 780 million people were in debt, and tens of thousands of companies went bankrupt, so the company was seriously replaced. Massive mortgage loan defaults, credit card defaults and auto loan defaults are expected

The real impact of Covid -19 will be known in the third quarter of 2020. Unemployment claims reached an all-time high of 38+ million – unemployment is over 25% (out of 160 million of work force, close to 40 million are jobless). With no income, consumer demand is falling drastically and the economy will go into a free fall.

This is just USA…

New wave of Coronavirus in USA

WASHINGTON – New U.S. COVID-19 cases rose by more than 47,000 on Tuesday according to a Reuters tally, the biggest one-day spike since the start of the pandemic, as the government’s top infectious disease expert warned that number could soon double.

New wave of Covid19 is spreading all across USA

California, Texas and Arizona have emerged as new U.S. epicenters of the pandemic, reporting record increases in COVID-19 cases.

“Clearly we are not in total control right now,” Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, told a U.S. Senate committee. “I am very concerned because it could get very bad.”

Jobs added in US market but lower than aniticipated , 2.40 million jobs added but experts believe its lower than what they believed to be the figure in June.

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We realize exactly what are you going through during this pandemic. The SME’s are most vulnerable and 70% of these do not actually opt digital platforms to deal with the crises however online sales have escalated 60% where traditional sales have plunged unprecedented. That’s the reason we actually reaching you out to know are you using all viable digital platforms to sustain this crises. Though US is going towards opening businesses but you know what trends of online sales are still progressing because customers are shopping online and retail brands have some how managed to gain there optimum level of satisfaction and trust.

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Retail Plan for the year 2021 in the US

The earliest projections have the country moving toward a post-COVID state in summer, which means that 2021 first half will only be more of the same for retail. By the time most of us are vaccinated, we’ll have been living in a COVID world for more than a year, and, unfortunately, a return to “normal” may never happen. How Retail is getting back on track after lock down and unprecedented BLM riots. Interesting parameters and strategies under consideration within companies before coming back on track

Do you think its still vulnerable to recommence Retail businesses and other sectors during the declining phase of Pandemic? Various industries are getting back to resume business following corona virus lock downs, companies in various industries, spanning from retail to finance, are announcing their plans for the future — and whether that means returning to the office, reopening for customers or rethinking how to operate. While some embrace WFH for the long term, others are having the majority of their employees gradually return to the office.

150 stores are closing in 25 states in the USA and here is the list JC Penney filed Bankrupt reveals within next 10 to 12 weeks they are shutting stores in various states. Penney realize the fact its hardest decision to made but the 90,000 workforce wont effect with this decision

However due to Pandemic online sales in retail industry have substantial increase as brick and barter faced zero inflow of customers and forced around 30 top retail brands in the USA to close more than 500 outlets in different states of the US. Retailers like Wegman, CVS Pharmacy, Walgreens, Macy and Target are planning to close their outlets all across US. Due to extreme decline in brick and barter sales many brands are firing employees for the obvious reason due to which 3.2 million Americans filed unemployment and US administration extending $600 weekly to every unemployed citizen.


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Retail Brands strategy during Pandemic?


On the other hand, as online sales escalated substantially experts believe it’s a time for brands not to focus on sales but there strategy should be more customer oriented. It’s a best time to enhance ultimate customer experience and boast your long term sales. Retailers should focus on inventory and efficient delivery as Walmart initiated express delivery in just 2 days. Not only this for the first time Walmart got into reselling market with thredUP.

The retail market heading towards a more consolidated model and cost efficient model as they just cant afford high expenses. Many retailers have found different ways to boast online sales by opting trending e-commerce platforms.

You must be thinking as if it all really matters to you as you cant shop online from these stores. As matter of fact Amazon does not ships every product outside US for example if customer are somewhere in Asia or Europe and spent 40 minutes and end up with few items in cart and as he checks out he gets notify that product is not eligible for his country so how would he possibly react to that situation? That’s where we jump in for customer and extends seamless shopping experience without any hurdle.

How to place order on Amazon from outside US?

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How to get products delivered from Amazon at your doorstep if you are not in the US?

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