CodeBlue Business Connection: Is Your Business In Intensive Care?

THE RETAIL BLOODBATH CONTINUES

Yesterday, I Googled the question,

“ How many retailers are filing bankruptcy or closing in 2017?”

(About 2,040,000 results)

As of June, 2017- 345 retailers have filed for bankruptcy

so far this year.

(CNN Money)

Store closings have tripled so far this year - Jun. 23, 2017 - CNNMoney

money.cnn.com/2017/06/23/news/companies/store-closings/index.html1

Jun 23, 2017 - There are 345 retailers that have filed for bankruptcy so far this year, ... While many of the bankruptcies have been by small mom-and-pop

22 Big Retailers Announcing Store Closings In 2017 | Bankrate.com

www.bankrate.com/lifestyle/major-retailers-shuttering-locations-in-2017/1

Jul 14, 2017 - As Americans do more and more of their shopping on their devices instead of at the store, traditional retailers are reeling. Some are being …

Is Toys R Us closing? What bankruptcy means for stores - Business ...

www.businessinsider.com/is-toys-r-us-closing-what-bankruptcy-means-for-stores-201...

Sep 19, 2017 - Toys R Us filing for bankruptcy has set off a wave of panic in ... On Monday, the toy retailer filed for Chapter 11 bankruptcy protection ahead of the 2017 ... for many generations," the company wrote on Facebook on Tuesday.

Retail Apocalypse: 20 big retailers closing stores in 2017 | Fox Business

www.foxbusiness.com/.../2017/.../retail-apocalypse-20-big-retailers-closing-stores-in-20...

Sep 19, 2017 - Many companies have turned to sales promotions and increased digital ... The pharmacy retailersaid it would close 70 store locations in 2017 as part ... The discount shoe retailer filed for bankruptcy last April and has moved …

***

Some will blame the economy, but most analysts will tell you that these retailers did not make the necessary changes as more consumers went online for their shopping needs. I simply call it, “A Kodak Moment”

Digital, without a doubt, since Kodak, has transformed almost every corner of our lives. Yet, unfortunately, as we can see by the headlines, there are still a percentage in the USA that are still living in their “somewhere else land”

BUT ...

Our World Is Changing...

Is it 1996 all over again?

People would ask, 'What is a website?' and 'Why do I need a website?' Today the same thing is happening with Apps.

Unlike any other new product, public adoption of the App is happening at lightning speed. Businesses offline and online are falling fast behind.

Make no mistake about it please. The Internet is changing. You can do all the research you want entirely on your own but the proof is there. Apps are replacing websites, because smartphones are replacing laptops and PC's.

In fact, smartphones are outselling laptops and PC's 12-to-1 on a daily basis. You can see this data yourself, and just a warning it takes a long time for this site to load because it is real time data and there is a lot of it, at www.InternetLiveStats.com .

There is no argument to be made - your customers are on their smartphones!