Focused On Retail Digital Signage? Read This, Pour Stiff Drink
May 14, 2016 by Dave Haynes
If one of your key verticals for digital signage hardware, software or services is retail, you already know the sales cycle is long and that it can be very hard to get prospective customers to take that last step and cut purchase orders.
You’ll also have a sense many bricks and mortar retailers are struggling. This list, from the Toronto-area firm Virtual Logistics, takes a sobering look at the retail banners that either shut down or went through some serious pain last year.
THE LIST OF RETAILERS THAT WENT UNDER* IN 2015
- A&P (General Atlantic & Pacific Tea)
- Radio Shack (Globally)
- Quicksilver
- Smart Set (Rebranding in Canada)
- Jacob (2014)
- Target (Canada only)
- Mexx (Canada and UK)
- Costa Blanca (2014)
- Future Shop (Canada)
- Comark Inc. (Ricki’s, Bootlegger, and Cleo) (Canada)
- Blacks (Canada)
- Nine West (Canada)
- Laura (Canada)
- Sony (Canada only)
- American Apparel (UK only)
- East (UK)
- Game Sweden (UK only)
- Motor World (UK)
- Bank (UK)
- Danier Leather (Atrophy started in 2015, filled for bankruptcy in 2016)
THE LIST OF RETAILERS WITH MASS BRICKS-AND-MORTAR CLOSURES** IN 2015
- Parasuco (Canada)
- Tiger Direct
- Grand and Toy (Canada)
- Staples
- Sony
- Holt Renfrew (Canada)
- Gap
- Wet Seal
- Walmart
- JCPenny
- Sears Holdings (Kmart)
- Office Depot
- Abercrombie & Fitch
- Aeropostale (Atrophy started in 2015; filed for Chapter 11 bankruptcy in 2016)
- American Eagle Outfitters
- Barnes & Noble
- Anna’s Linens
- Body Shop
- Children’s Place
- Chico’s
- Coach
- Claires (72 stores in the USA, 26 in Europe)
- Deb Shops
- 359 Dots/Simply Fashion
- Family Dollar
- Guess
- Gymboree
- Izod
- Jones New York Outlet
- Delia’s
- Pier One
- Woolworths (UK)
*Bankruptcies [Chapter 9 & 11] or administration [UK], complete rebrandings, or mass store closures in Canada, the USA
**Abandoned a significant percentage of their store holdings, with or without investing in solely digital channels
photo credit: Toronto, 2000 via photopin (license)
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