MR. CHECKOUT OVER 30+ YEARS HAS DEVELOPED RELATIONSHIPS WITH BUYERS IN NEARLY EVERY MAJOR BIG BOX STORE.
With over 60 products in major retailers, Mr. Checkout works as manufacturers reps for specific products depending on their marketability and retail focus. Taking a product direct to retail may be a better path to market for some products than through the network of distributors, jobbers and wholesalers that works with Mr. Checkout.
Department stores, when founded, fundamentally changed the way we shop. Though the world’s modernization is allowing us to buy more and more online, department stores are still relevant. They stand like sentinels at the end of our malls, protecting consumer culture. From their beginning, department stores have been spoken about using reverent almost religious terms.
The department store is defined as a, “large retail establishment with an extensive assortment in variety and a range of goods, organized into separate departments. All departments are housed under the same roof to facilitate buying, customer service, merchandising, and control”. These large buildings are a one stop retail shop. This is one of the major upsides of the department store. Customers can come in and leave with a completely new outfit. Having customers be able to utilize the space to create a new sense of style, department stores continue to hold a place in the retail space.
Even though more purchasing is happening using an online platform, customers still enjoy the process of going to a brick-and-mortar store to buy things they need. For example, Macy’s yearly revenue sits at just under $25 billion and employees over 130,000. With this amount of revenue and employees, Macy’s is a massive operation. Though the online platform Amazon pulls in a whopping $177 billion and is effectively monopolizing the purchasing experience, there is still a lot that department stores have to offer.
Most department stores have a large inventory and the space to match. However, they are lack variety in their product which can be seen as their biggest drawback. By having such a niche inventory, department stores limit themselves. For example, customers would not be able to do their grocery shopping at Kohl’s. Though they are not designed to for grocery shopping, have to go to multiple stores may be a frustration to customers. With this, some department stores have struggled to compete with their online competitors in the new age of retail. They are looking to reinvent themselves as they continue into the future.