RETAIL APOCALYPSE: COMMERCE CLOSES WORLDWIDE!

Source img:https://therealdeal.com/issues_articles/inside-the-retail-apocalypse/

Retail agonizes in these last days. Since 2010, more than 12,000 physical stores have closed in the US. The storm is also spreading throughout the rest of the world, although it has not yet hit with similar intensity due to the lower implementation of electronic commerce.

Amazon is putting the nails in the coffin. The e-commerce giant suffocates competition while building its technological monopoly. His claws reach anywhere in the world, and he seriously studies extending his hooves to other business models.

This 2019, relevant chains such as Sears and Toy`s Rus, were the most renowned bankruptcies. In Spain, 7,000 stores have closed in 2019, and the large food chains gallop towards digitalization in the face of e-commerce pressure.

What other causes underlie this massive closure? Consumers demand more and more personalized products, moving away from the paradigms of traditional commerce. Apart from the pressure from Amazon, other factors such as the trade war and its rise in tariffs, as well as the increasingly close economic crisis, are slowing consumption and laying land on the sector.

2019 has been a year of terror in the US In the first six months, 20% more shops had been blind than in all of 2018.The sector is also very affected by debts, encouraged by the very low interest rates and the false account of the economic strength.

Retail is especially crushed in the United States. Why? Due to the rise in tariffs and the Anglo-Saxon taste for electronic commerce. However, clouds outside the empire also extend, and digital purchases grow year after year.

In Spain, according to Statista data, the percentage of sales electronically, rose from 4.8% in 2015 to 6.5% in 2018. This growing sector, brings with it the rise of new disciplines such as data analytics.

Spain, is not yet among the nations with more implementation of digital sales. Factors such as the high aging of its population, may be behind this data. However, the sector grows year after year, increasing the generation of dividends and the participation of new actors in the business.

The retail apocalypse will reach the entire planet, first little by little and then hit. A jug of cold water will fall on merchants and subject the population to the monopolist tyrant Amazon. A corporate world looms over us. And his call to the final judgment roars from the distance.