All of a sudden there is a Tsunami of store closure announcements.
A lot of senior execs from these stores have blamed the bargain hunters going online to compare prices domestic and in overseas markets. Some have made general comments like, it is getting hard to have a USP apart from cheaper prices. How true are these comments?
We, as Ozbargain community take pride looking for cheaper prices. That made me wonder how much role are we playing in all this? And isn't this natural anyway?
Other facts and questions:
1) Online shopping has been around for ages now, so nothing new. So what has changed now and why these execs are pointing to buyers that shop online?
2) I have always been a conscious buyer and ALWAYS compared prices (brick/mortar or online), was there a generation that didn't do that and just bought what was in-front of them?
3) Where do we go from here?
All thoughts welcome.