The Tide Of The Electricity Supplier Is Coming Fiercely. Sears's Department Store Will Become A History. How Should The Traditional Retailing Industry Deal With It?

There are less than 20 hours, that is, 28 p.m. Eastern time 4 p.m., which has filed for bankruptcy protection in the United States.

If the giant Sears Co has not yet received the offer, the 125 year old shop is likely to take the road of liquidation.

This means that it has influenced the lives of generations of Americans.

It may soon become history.

In the past 120 years, the most brilliant moment of Sears's department store is its annual revenue, which accounts for 1% of the gross domestic product of the United States, and has reached the top of the world's largest department store in one fell swoop.

But in recent years,

With the rapid rise of Internet retailers, the old retail business in the United States was poor and heavily indebted. Sears store, which employs over 68 thousand people, filed for bankruptcy protection in bankruptcy court in October 15th this year.

Its last chance to survive is a $4 billion 600 million takeover proposal put forward by its chairman, Eddie Lambert, who bought Sears from bankruptcy by his hedge fund ESL.

According to the world clothing and shoe net, ESL is the only one who proposes to buy Sears as a whole. If Lambert can not make enough money to make a takeover offer before the deadline of December 28th, the liquidator will dismantle the company.

However, as of 27 PM, there was news that Lambert had neither submitted the offer nor completed the financing.

Sears, the old shop, is more successful than ever before.

It is also reported that the retailer is considering closing 50 to 80 stores.

Sears's department store used to be the benchmark of American retailing, but it failed to adapt to the trend of consumers turning to online shopping.

At the same time, huge debts have further restricted its pformation.

Sears's department store has lost $10 billion since 2012, according to data from Bloomberg news.

All of these make it difficult to compete with Amazon and other electricity providers.

Sears's competitor, Penny's department store, is also feeling the pressure of this trend. On Wednesday, the company's share price fell below $1 for the first time in nearly 90 years.

When the stock on the New York stock exchange closed below $1 for 30 consecutive trading days, the exchange could start the mandatory delisting process, leaving little time left for Penny's department store.

The industry believes that with the gradual loss of passenger flow in department stores, and the possibility that the whole industry will lose profits in search of expansion due to structural problems, there may be little hope that the entire department store industry will be able to reverse.

What are the new retailers' trends? What are the new trends in this year's retail industry? Below is a reporter's report.

You may have heard about the challenges facing the store.

In addition to that, Sears, the representative of the US retail industry, closed more than 100 stores and filed for bankruptcy after more than 100 years of existence.

TOYSRUS also closes nearly 900 stores in the United States and Britain.

It's not just individual large retailers.

In the past three years, we have seen the wave of retailers' bankruptcy. In 2017, retail stores in the United States even hit a record high.

Outside the US, Singapore and the UK are also facing sluggish retail sales.

Like Britain, nearly 6000 stores closed last year, that is, 16 homes a day.

Looking at online retail, this year's online shopping became the largest online shopping day in US history. Online sales reached $7 billion 900 million in a day, while shoppers spent $6 billion 200 million on black Friday.

However, compared with the scale of China's Shopping Festival, these figures are not worth mentioning.

Alibaba's Singles Day in November 11th is China's largest shopping day. This year, it sold 30 billion 800 million dollars in 24 hours.

China is the largest e-commerce market in the world. The United States ranks second, and the rest of the world accounts for 1/3 of the world's online sales.

In 2017, American consumers spent $453 billion online, while Chinese consumers consumed more than two times the online consumption, totaling more than 1 trillion dollars.

At the same time, the proportion of online retail sales to total sales in China and the United States has been rising.

From a global perspective, online shopping needs are very large.

Europe's online sales growth is 10 times that of physical retail sales, while the e-commerce market in Southeast Asia is also developing rapidly. From 2017 to 2018, the scale of the e-commerce market doubled.

Another interesting trend is that many online retailers are expanding their offline stores, such as Amazon has opened about 20 physical bookstores, at least six Amazon Go convenience stores, and Amazon only entity stores that are rated on four-star products on Amazon website.

Although sales data of physical stores may not be as pleasant as online sales data, there is evidence that shoppers in physical stores will eventually buy more from physical stores.

More interesting reports, please pay attention to the world clothing shoes and hats net.