Pete’s Two Cents: Death of retail stores greatly exaggerated

by Sep 15, 2017Omnichannel, Retailers, SPS Stories

A message from our CMO Pete Zaballos; this message is relevant to the Australian market too.  Although we’re seeing more closures than openings right now, the trend that Pete calls out to value-driven and convenience store openings is seen here in Australia. Check it out.  

Earlier this year, Warren Buffett declared retail as we know it is dead, and that the closing of retail stores was permanent. I couldn’t help but disagree with him – I just didn’t have the proof. With a recent article from Forbes about how more stores are opening than closing in 2017, now I have that proof. What’s the difference between retailers that are opening more stores vs. those that are closing, though?

More retail stores opening than closing

https://www.youtube.com/watch?v=6PD-AJMn1Tg

Stay tuned to the SPS blog for more thoughts on the future of retail.

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Peter Zaballos

Senior Vice President & CMO at SPS Commerce
Peter brings more than 15 years of experience in product development, marketing and business development in enterprise, mobile computing and consumer internet businesses. At SPS Commerce, Peter leads the product strategy and marketing programs to support the company’s growth and presence in the retail supply chain market. Additionally, he serves as an advisory board member for two consumer web service firms, Glad2.com and SquareHub.com, where he focuses on branding, positioning and message development.
Peter Zaballos

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