Ecommerce-wise, sometimes it seems like everything old is new again. Traditional retail features like layaway and installment plans have been adapted for online shopping and are growing in popularity—especially among younger consumers.
Both companies announced shrinking brand portfolios this week, but the factors that necessitated these closures weren't exactly the same. Sears Holdings has been struggling for some time, while Lowe's continues to lag behind The Home Depot.
According to a new study from Inmar, traditional grocery has been taking hits, not just from newer ecommerce options but also warehouse clubs and big box multichannel retailers. Grocery shoppers are spreading out their spend across more channels than ever, and even smaller retailers feel pressure to offer digital options.
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