An unfortunate trend in recent years has been the shuttering of once hugely successful retail stores, and industry experts are forecasting 2015 to be the make-it-or-break-it year for many retailers that didn't post strong numbers in 2014.
An article published this week by Retail Info Systems News lists retailers and their planned store closings by number of store closings and closing dates. Topping the list is Office Depot/OfficeMax with 400 store closings by 2016, followed by Wet Seal (338) and Deb Shops (300). Other big names with planned closings included on the list are Staples (225), Barnes & Noble (223), Abercrombie & Fitch (180), and JC Penney (40). See the entire list here.
The key, it seems, in staving off slumping sales is for retailers to focuse on omnichannel retailing, which includes the web, catalogs, and brick-and-mortar stores. As the Retail Info Systems News article states, "[r]etailers that cannot successfully complete an omnichannel transformation will begin to fade, while others that are ahead of the omnichannel curve will take the lead and prosper."
For vendors, that means more and more of the retailers that they sell to will be developing a strong omnichannel presence—and vendors who have the ability to integrate with the brick-and-mortar web storefront, or an online retailer's web store, will have a substantial edge in the market.
If you'd like to speak with a DiCentral integration expert about the tools we offer to vendors enabling them to integrate with their retailers' online retail systems, simply call or email.
-Daniel Ford, DiCentral