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

     6 months ago

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

  • Jack Son

     23 days ago

    Well, that and the fact that the American spending went from everywhere and everything to more conscious spending (look who the number 1 retail company is, and notice their US sales alone were triple what Amazon did worldwide!). That happens during and after recessions, Americans start living within their means. There's also the aspect that during the 90's, so many companies expanded, and grew that now it's catching up to them, because they didn't have a sound business model. With the sheer number of m...

  • Blah Blah

     1 months ago

    Theyre choking the prosperity out of us. If they dominate too much well end up at their mercy aka monopoly. Thats never good for the free market. But theres monopolies everywhere.

  • Mama

     6 months ago

    Retail is not dying it's getting rebirth #acquisitions

  • Jack Son

     23 days ago

    @Teddy Lumidi not all of them. There are quite a few in the US still doing extremely well, raking in millions of dollars every year. Location, location, location is not just for buying a house, it's also what's allowing some malls to continue doing extremely well.

  • Teddy Lumidi

     4 months ago

    Malls are dying, its not that you don't know it, you just don't get it

  • R K

     6 months ago

    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

  • Grand Daddy

     21 days ago

    Lol i never enter shops because of this reason. Like literally never!.. maybe seldom .. but very rare .. you see, my social skills are noticeably low.

  • GamingTV

     2 months ago

    not to mention the fact, physical store no longer sells the things people are buying anymore, most people now buys from 3rd parties like gopros or DJIs, and other 3rd party vendors, physical retail are too attached to their contracts to adapt to the changing spending habits, therefore, they go broke

  • Yagnik Chatterjee

     6 months ago

    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.

  • Matthew Joshua Sosito

     6 months ago

    Me too

  • Hussein Shibghotulloh

     6 months ago

    Agree! I've never buying clothes online unless for t-shirt

  • Aditya Singh

     6 months ago

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

  • lothean

     1 months ago

    So true. I do that barnes and noble

  • Mr Peco

     1 months ago

    shit i thought i was the only one 😂😂😂😂😂

  • Atem S.

     6 months ago

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

  • Emerald Mara85

     6 months ago

    You should look for online stores that have detailed measurements. Like shoulder width, bust/chest, hip etc. This is how I do my clothes online shopping. It also helps that there are reviews with photos from other consumers.Some other things to note, a medium in Asia is not a medium in western countries.

  • Milo Steinz

     6 months ago

    Fellow medium here...it’s frustrating buying clothes...

  • bobby junk

     6 months ago

    CNBC explains economics so well !!

  • GamingTV

     6 months ago

    REAL reasons retailing is going online:1. less ppl has cars these days2. piss poor customer service to the point that customers do their jobs for them3. you don't have to go to 12 store just to not find the product you could find in 5 minutes on google4. less free time means less time to go shopping5. global poverty, no one has money to spend

  • lothean

     1 months ago

    Your number 2 Is dead on. Look at Walmart. They now make the customers check and bag their own groceries and then they make them pay for it. Now if that's not funny.

  • jackie chan

     1 months ago

    What global poverty?Havent you watched the video?Global commerce is rising

  • Pmjf

     6 months ago

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

  • Thiago F

     6 months ago

    Pmjf lets see how long that will last when the economy collapses because no1 has a job anymore 😎😎😎

  • Obi2

     6 months ago

    Retails are not dying, people are just going broke.

  • Jack Son

     23 days ago

    exactly, consumers are now more conscientious about their spending after being bitten by the recession bug less than 10 years ago.