Quote:
Originally Posted by esquire
^ Parcel delivery isn't what we're talking about, though. The question is whether storefronts will remain or if apparel/shoe/accessory/etc. retailing will move entirely online.
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Maybe I wasn't clear, retail clothing stores aren't going to go way entirely and there will still be clothes to try on. That said the experience will be like what Eph are doing now or like women's gown shopping has been forever. The item you are buying is almost never the same one the store has for you to try on.
I thought the idea of trying on a sample garment in store, having them take measurements, then your actual item being sewen to order and shipped from the factory warehouse made it fairly clear.
The store will like more like the Louis Vuitton than what we know today as a clothing store. And speaking of luxury retailers, even with the limited space shrink still happens. Due to the value of the goods they can be targeted by "professional" thieves. You also still have other aspect shrink such as writing off damaged goods and taking product mark downs.
Quote:
Originally Posted by SpongeG
they [Weston family] also own department stores in Europe. They own Selfridges Group, which owns Selfridges in the United Kingdom, Brown Thomas in Ireland and the De Bijenkorf department store chain in the Netherlands. That's give them an edge when bringing in brands and goods.
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The challenge for the Weston family and Holt Renfrew isn't so much the access to the goods to stock their stores but rather where the family is focusing on directing their capital. As much as people here are pushing back on the idea of grocery shopping online, fulfillment in a warehouse like setting and delivery to your home or a smaller pickup location,. such as a Shopper's, the Weston family knows the change is coming and will happen a lot faster than a lot of people think. They are heavily investing in it and actively in beta on some of the overall systems needed. The whole order online, have an employee roam the store (aka warehouse) and assembly your order is basically building out the customer front end. Like most tech startups the cash burn is pretty heavy.
The other reality is with both Nordstroms and Saks
trying to establish a presence at the top end of the market and Simons trying to skip the lower end of "high end" department stores the return on the opportunity costs for Holts just isn't there. The flip side though is Weston is absolutely crushing it on the innovation side on the grocery supply chain side with Sobeys being years behind, Save on Foods lacking market penetration outside their core western markets and Metro having nothing west of Ontario. The only real treat to Weston right now is Walmart but they are playing the role of sleeping giant at the moment. Amazon is another long shot right now mostly as they have massive supply chain logistics issues in Canada and are still working through the fresh grocery supply side in the USA.
End of the day the one thing that matters most to where consumers shop is price. The second most importance in convenience. Order online and get goods (groceries, clothes, etc) sent to you scores highly on both them with a wide range of consumers with this forum seemingly being an outlier.
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