6 Stores Surviving the Crisis Retail

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With the growth of e-commerce, news about the massive closure of shops and the bankruptcy of traditional retail brands has become commonplace in the modern economy.

But, according to experts in the industry, the retail apocalypse will not lead to the devastation of shopping centers, which, as many expect, will happen as a result of continued dominance Amazon and other digital retailers.

A number of retailers not only survived the impact of changing retailers, but also excelled in their development. These stores, including the largest competitor Amazon walmart, found alternative approaches to increasing the number of customers and serving the digital world.

The National Retail Federation noted an increase in 3,6% in retail sales in 2016, and they expect this number to increase this year, said NRF President and CEO Matthew Shay.

“Dozens of retailers have announced plans to add new stores and sustain growth,” Shay said.

Flourishing retailers have a number of qualities that best suit their customers. Here are six of them.

Zara

A Spanish retailer in recent months has shown that in the first quarter he received a net profit of $ 733,3 million. This is 18% more than the same period last year.

TJ Maxx

In the first quarter of this year, the retailer, known for its discounts, increased sales by 3% to $ 7,8 billion. TJ Maxx also opened 65 new stores in 2017 year.

Dollar general

During the first quarter of 2017, the store chain generated net income of $5,61 billion, up from $5,27 billion at the same time last year. The brand also opened 1000 stores in 2017, the most of any retailer.

Sephora

In accordance with the company's latest quarterly report, the cosmetics network continues to “record revenue growth”. In the USA this year Sephora has opened 70 stores.

Walmart

The largest employer in the US, Walmart continues to invent its consumer adaptation strategy. This quarter, sales rose by 1,4%, and this year 59 stores opened. The company also launched a number of new initiatives, such as a free two-day order delivery service from $ 35 dollars, as well as a home delivery service with the involvement of its store employees.

Nordstrom

Unlike its competitors, such as Macy's and JCPenney, Nordstrom survived a difficult time. Last quarter, the company increased sales by 2,7% and opened 17 new stores from the beginning of the year.

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