Tusco Display blog
Tusco Display blog


What Will The New Year Bring For Retail?

New Year celebrations date back 4000+ years to Babylon. Resolutions themselves go back to 153 B.C. when Janus, a mythical king of early Rome, was placed at the head of the calendar. The Romans named the first month of the year after this god of beginnings, doors, and entrances. Janus was always depicted with two faces, one on the front of his head and one on the back so he could look backward and forward at the same time. We do the same every Jan 1.

The year just past saw the passing of retail nameplates Toy’s’R’Us, Sears, Bon-Ton, Mattress Firm and David’s Bridal. Roughly 30 retail chains filed for bankruptcy, down from 44 in 2017 and over 400 back in 2008. In fact, according to IHL group, 2018 saw a net INCREASE of 3,800 US retailers with 12,664 stores opening while 8,828 closed their doors. Even brick-and-mortar murderer Amazon will open more Whole Foods stores in 2019. Aldi’s has been feverishly adding stores and expanding the ones they already have, too.

What does this mean for retail in 2019? We’ll see more integration of online convenience with in-store pickup. According to Adobe, buy online pickup in-store (BOPI) grew 47% during the 2018 holiday buying season. Stores are now being constructed to act as mini distribution hubs for direct-to-home delivery too.

Face it, stores aren’t going away. They will adapt and use the latest means to meet people where they wish to be met: online, in the store, at the curb or on the porch.