Is retail dying? | CNBC Explains

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  • Published on:  Thursday, November 29, 2018
  • Several iconic retailers like Sears and Toys R Us have gone bankrupt recently, but online giants like Amazon and Alibaba record historic highs in sales every year. What's going on with the retail industry? CNBC's Xin En Lee explains.-----Subscribe to us on YouTube: http://cnb.cx/2wuoARMSubscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMvLike our Facebook page:https://www.facebook.com/cnbcinternat...Follow us on Instagram:https://www.instagram.com/cnbcinterna...Follow us on Twitter:https://twitter.com/CNBCi
  • Source: https://youtu.be/ATn5bHC-eos
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Comment

  • Edward Ornelas

    Edward Ornelas

     8 months ago +257

    Only bad retail is dying, companies like amazon only exposed companies that weren't willing to innovate. This is good for consumers

  • R K

    R K

     8 months ago +68

    Sales person is a reason too people get annoyed by a creep following you all the time best go online and buy thinks without any one interfering

  • Aditya Singh

    Aditya Singh

     8 months ago +56

    people go in retail to check products so that they can buy it online

  • Mama

    Mama

     8 months ago +160

    Retail is not dying it's getting rebirth
    #acquisitions

  • Atem S.

    Atem S.

     8 months ago +95

    Except for clothing! Everything online! Clothes, I have to try them on 'cause no one has the same size even if it says medium!

  • GamingTV

    GamingTV

     8 months ago +32

    REAL reasons retailing is going online:
    1. less ppl has cars these days
    2. piss poor customer service to the point that customers do their jobs for them
    3. you don't have to go to 12 store just to not find the product you could find in 5 minutes on google
    4. less free time means less time to go shopping
    5. global poverty, no one has money to spend

  • Yagnik Chatterjee

    Yagnik Chatterjee

     8 months ago +73

    Adrenaline rush?! I just find shopping boring. Well, unless I'm buying a phone/laptop/other gadgets😅
    But I do feel that some things like clothes should better be bought from a physical store. It's difficult to know the quality of the garments and how they fit you from a picture.

  • Pmjf

    Pmjf

     8 months ago +53

    It's definitely gonna be dead when Amazon start delivering by seconds via drones 😎

  • Obi2

    Obi2

     8 months ago +15

    Retails are not dying, people are just going broke.

  • Edgar Edgar

    Edgar Edgar

     8 months ago +67

    nothing beats the tactile satisfaction of touching and holding the product to one's eyes before proceeding to the payment counter.

  • bobby junk

    bobby junk

     8 months ago +20

    CNBC explains economics so well !!

  • axnyslie

    axnyslie

     7 months ago +5

    We are at peak Amazon. Because they now charge tax and shipping and shipping times are increasingly slow. Plus Amazon has a bad image like Wal-Mart. There will be a slowdown on Amazon sales in the coming years.

  • rsingh

    rsingh

     8 months ago +44

    retail is not dying....millennials just dont have money. so messed up because all companies are basically consumer good companies......their employees are the millennials who buy the goods but they are the ones not getting any raises. What do you expect? frustrating.....

  • Stewie Griffin

    Stewie Griffin

     8 months ago +2

    Clothing stores should not die because I am tired of returning my clothing because it doesn't fit.
    I know what size to buy but apparently some clothing I have to get a size up or down.

  • Ajeet Albert

    Ajeet Albert

     8 months ago +10

    It's not just the retail. It's the connection inside a community. Things that create a human to human vibe are fading. I maybe old school to say this. But it can never be complete when you buy a bed,table or even a toy online. The product is just half of the measure of the true value. The remaining half is in the event of buying itself. It's all in the little fights my wife and I used to have over which coffee table suits us best. The excitement you see on your daughter's eyes when she steps into the toy store can never be described in words. I have always admired the warm smile of the middle aged cashier in the nearby market. Between computer programs and humans, I will prefer humans as much as possible.

  • Mayur Nanda

    Mayur Nanda

     8 months ago +15

    A video on What drives crude oil prices please...

  • Jason Gee

    Jason Gee

     5 months ago +2

    I am old school.
    I like to touch,
    feel, try on first before I spent my hard earned money

  • hoshiharuhime X

    hoshiharuhime X

     5 months ago +1

    There's always gonna room for a physical store but it definitely will be more of a try-on experience.

  • andy

    andy

     2 months ago +1

    “Star Wnrs” by LEPIN 3:59 😂

  • Israr Ahmed

    Israr Ahmed

     8 months ago +20

    Did anyone notice she said "Facial Racanickshion " at 5:53 instead of facial Recognition.