MGR eCommerce Edge Weekly | May 5, 2020

MGR eCommerce Edge Weekly | May 5, 2020
Top News This Week

Retail_Potential_Brankruptcies-MGR-Blog

The Retail Apocalypse Will Bring the eComm Boom

Retail Dive released a list of 27 retailers who are at high risk of not surviving the Coronavirus crisis. Combined these companies own over 100+ 9-figure or larger brands. Some of the biggest names include J.C. Penney, Neiman Marcus, Rite Aid, GameStop, Guitar Center, GNC, and L Brands (owner of Victoria’s Secret, Bath and Body Works, and PINK).

The companies listed above did over $64B in revenue in 2019, and those are just a few of the publicly traded companies that are currently find themselves in dire straights, not to mention the countless private companies who we don’t have easily accessible data on.

US retail will see hundreds of billions less in revenue this year than last. That money hasn’t magically disappeared, it’s being spent online instead.

The looming long term question for those in eComm is whether or not this sales explosion will be a permanent change, or if consumer spending will go back to how it was pre-coronavirus.

My belief is that this is the new normal, and that belief gets more and more cemented as legacy retail continues its wave of bankruptcies. Thousands of stores are going to close across the US, and they’re not coming back. That whole will continue to be filled by eComm.

Other Notable Links:

1. Bundling and the birth of new media companies – MEDIA OPERATOR

2. As expected, Amazon reports great sales numbers, but profits are down – PROTOCOL

3. Data on DTC growth numbers in the COVID crisis – MGR

4. Amazon accidentally leaked their email marketing template, here’s what we can learn from it – MEDIUM

Subscribe to MGR eCommerce Weekly and receive weekly news directly in your INBOX.

2020-05-09T15:21:59-07:00

About the Author:

Manuel Gil Del Real is the owner of MGR Consulting Group, an Interactive Marketing Agency providing marketing solutions to companies worldwide. He’s also an auto racing enthusiast and a blog author who enjoys sharing his thoughts and ideas on eCommerce, SEO, Social Media, Website Design, Video Marketing Internet Marketing, entrepreneurial advice, lifestyle and travel experiences among many others.