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Like almost every city, Cleburne is no stranger to retail stores closing as businesses shift toward online sales. “I think for many of the established businesses we’ve seen a shift in the way people shop,” Grady Easdon, Cleburne Economic Development Manager, said, and that shift is primarily online. “The landscape seems to be changing.” Staples Office Supply store in Cleburne is one of 70 stores closing this year as the company, citing slides in brick-and-mortar sales, pushes a shift toward business services and e-commerce, Kaleigh Sands, Staples spokesperson, said. The store officially closes July 8. “As customers shift online, we are taking an aggressive action to right-size our retail footprint,” she said in an email. “We are committed to providing great service and every product businesses need, whether it’s in-store, online or through mobile.” She said Staples’ customers in Cleburne will still have Granbury and Mansfield stores to go to, as well as online shopping available. Teen clothing retailer Rue21, which has a location at Nolan River Mall, recently announced it is closing about 400 stores, among which is its store in Cleburne, according to a release from the retailer. Although the closure of so many stores nationwide is part of a restructuring deal the retailer is engaging in to reduce debt, a Tweet earlier this month by Rue21 seems to emphasize a shift toward online sales, “It’s true — we are closing some stores. It was a difficult but necessary decision. We still have hundreds of locations across the country, and our website rue21.com , open for business.” While retail businesses are used to ups and downs, according to S&P Global Ratings, the current environment is different from recent declines and the business analysis group is certain retail will continue to decline, and more stores will close nationwide or file for bankruptcy. But, not all retail is in trouble, Easdon said.
For the original version including any supplementary images or video, visit http://www.cleburnetimesreview.com/news/local-stores-closing-as-online-sales-grab-customers/article_868ac5ae-3ffc-11e7-bcf7-233d971c92a8.html
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Talk to a store manager for pricing details https://t.co/WEnRMIYF77 pic.twitter.com/H2W5IgEznK RadioShack, which generated nearly $6.3 billion in revenue at the company's peak in 1996, saw sales sputter to under $3.5 billion less than two decades later as it failed to respond to the migration of consumer spending to online channels like Amazon.com (amzn) . Electronics were one of the earliest consumer product categories to sell strongly online, resulting in price transparency that made it hard for physical retailers to compete. Best Buy (bby) has done a better job innovating to stay competitive, partly because it has focused on services to help it differentiate from the crowd. But RadioShack, which operated over 7,300 stores at the company's peak, will now only have 570 stores in total after the Memorial Day weekend closures. The press release it issued ahead of the weekend was equally bleak: "We all remember coming into RadioShack whether it was for the battery-of-the-month, new walkie-talkies, or to check out the newest RC toy cars. Many of these nostalgic items will be up for auction over the next 30 days." Holiday Shopping This retailer is taking (somewhat of) a stand against Black Friday shopping madness RadioShack isn't the only well-known name that's been stung by the shift in consumer spending on online rivals. Payless, Wet Seal and The Limited are among the names that have sought court protection in 2017. Hundreds of stores are shuttering this year. Not all of those retailers are employing the same social media strategy that RadioShack is using as it announced a fire sale. Take the example of apparel retailer American Apparel.
For the original version including any supplementary images or video, visit http://fortune.com/2017/05/31/radioshack-tweets-retail-demise/
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