Death at Sears, Best Buy, JCP Hurts America
NEW YORK (TheStreet) -- It's been nothing short of a volatile and downright entertaining start to 2014 in physical retail. But it's not like the brick and mortuary stores (a term coined by the great Downtown Josh Brown on Twitter
In this article, I summarize and build on my take on retail's conundrum beyond the recent controversy surrounding Sears
Because it's not just Sears on the verge of "death," it's names such as Best Buy
First, two key points ...
One ... how do we define terms such as "survival" and "death" within the context of these conversations?
While I certainly believe more than a few physical retailers, even some big names, will go the way of Circuit City, references to survival and death have as much to do with relevancy as they do the notion of struggling to exist or not existing at all.
To illustrate this, consider a Twitter exchange I had with TheStreet's Brian Sozzi on Friday:
And that's the thing. Can we really characterize JCP outliving Sears and surviving as this place where you participate in uninspired consumption as success?