Brick & Mortar Stores Going Out of Business Due to Online Sales Growth
DatabaseUSA.com® Reports Significant Number of Retail Stores Closed in 2018
Omaha, NE, March 21, 2019 — [PRWeb] — America’s love affair with online purchasing has led to the closure of over 10% of businesses in certain industries. While the total number of businesses in the U.S. holds steady at 14 million, certain industries seem to be more affected by today’s click-n-pay lifestyle.
For example, according to DatabaseUSA.com® research during 2018, many of the largest business closures (Over 10%) were in traditional retail markets such as:
| Industry | 2017 | 2018 | % Loss |
| Household Appliance Stores | 17,877 | 15,863 | 11.32% |
| Household Appliance Stores | 17,877 | 15,863 | 11.32% |
| Electronic Retail Stores | 6,583 | 5,767 | 12.40% |
| Department Stores | 23,194 | 19,967 | 13.91% |
| Cosmetic & Perfume Stores | 14,200 | 12,209 | 14.02% |
| Children’s & Infant Wear Stores | 6,722 | 5,666 | 15.71% |
| Video, Music & Games Retail | 6,209 | 3,771 | 39.27% |
In addition – large retail stores such as Grocery, Jewelry, Sporting Goods, Shoe, Auto and Office Supplies experienced major business loss during the past year as well. “People want to get their goods and services faster and forego the usual traffic and parking headaches of going to a physical store these days. Online shopping is usually cheaper and makes that possible” said Robert Smith, CEO of a large nationwide online shopping company.
DatabaseUSA.com®, a premier database marketing company, updates the database of 14 million businesses using public sources and then verifies each business listing with telephone surveys and website research. “We primarily provide mailing lists and sales leads to help our clients find new customers, but there are a lot of economic insights that can be gleaned from our research”, said Mark Richard, PhD, President of DatabaseUSA.com’s research division.
About DatabaseUSA.com®
DatabaseUSA.com® is one of the leading providers of full-service database and email marketing solutions for small businesses and sales people. DatabaseUSA.com® proudly offers a 95% accurate, triple-verified database of mailing lists, email lists, and sales leads as well as direct mail, database enhancements, and many other marketing and sales lead services.
For further information, contact Monica Messer at DatabaseUSA.com® 402.689.4501.