Zack Kanter Retweeted Neil Saunders
Good thread. Yes, Amazon has killed businesses - but “because Amazon!” has become a catch-all excuse for all sort of incompetence and underperformance for US retailers, just like “because China!” was/is for US manufacturers.https://twitter.com/NeilRetail/status/1079785924966445058 …
Zack Kanter added,
Neil SaundersVerified account @NeilRetail
In 1985, US department stores took 14.5% of all retail spend. Last year they took 4.3%. The figure is still falling. The internet is often blamed for this. But the blunt truth is that US department stores just aren’t very good retailers. In fact, most of them are abysmal.
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4:50 AM - 1 Jan 2019
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