-Overall retail sales have been mixed; E-commerce remains a focus-
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--
According to analysts with Great American Group, Inc. (OTCBB: GAMR)
sales performance within the retail industry has varied by sector. In
its recently released series of retail monitors, Great American Group
reports positive trends within the off-price, jewelry, footwear, and
home furnishings sectors, while sectors like office supplies and
consumer electronics have struggled. Other industries, such as
department stores and specialty apparel, have experienced more mixed
results, which varied by company. In recent months, retail sales were
impacted by severe weather in many parts of the country, which left
shoppers at home and caused stores to close early or in some cases, all
day. More recently, results point to a turnaround, as consumers are
increasingly willing to shop.
Despite the mixed results, one common theme has been a continued focus
on e-commerce. Many multi-channel retailers have reported strong gains
in e-commerce sales. E-commerce results have been aided by last year's
efforts to develop an omni-channel presence, with a seamless shopping
experience for customers, regardless of which way they choose to shop,
be it in stores, online, or via mobile commerce. Mobile commerce
continues to grow in popularity, with many consumers shopping via
tablets and cell phones.
"E-commerce is a big focus for every major retailer," noted David
Triompo, Managing Director of Consumer Products for Great American
Group's Advisory and Valuation Services division. "In 2013, virtually
all of the major players worked to have an omni-channel presence, and
recently we've seen retailers that were able to execute this plan reap
In the coming months, similar results will likely be seen. Big names in
the off-price sector will continue to perform well. "Retailers have
realized that there is a lot of competition out there, and today's
shopper is more willing to shop at multiple stores to get the best
product for the best price," notes Triompo. Retailers will continue to
keep merchandise appealing and pricing competitive to attract customers.
For more information about trends in the industries mentioned above, as
well as department stores, specialty apparel, off-price, dollar stores,
mass merchants, footwear, music and video, arts & crafts, grocery
stores, pharmacies, and e-commerce, download Great American Group's
latest Retail Monitors available on the company's website at http://www.greatamerican.com/about/industry-insights.html.
For more information about asset disposition or advisory and valuation
services available through Great American Group, visit www.greatamerican.com.
About Great American Group, Inc. (OTCBB: GAMR)
Great American Group is a leading provider of asset disposition and
auction solutions, advisory and valuation services, capital investment,
and real estate advisory services for an extensive array of companies. A
trusted strategic partner at every stage of the business lifecycle,
Great American Group efficiently deploys resources with sector expertise
to assist companies, lenders, capital providers, private equity
investors and professional service firms in maximizing the value of
their assets. The company has in-depth experience within the retail,
industrial, real estate, healthcare, energy and technology industries.
The corporate headquarters is located in Woodland Hills, Calif. with
additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas,
Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan
and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.
Great American Group,
Director of Marketing
Mulberry Marketing Communications, Senior Account Executive
Source: Great American Group, Inc.
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