Tajuk : The billionaire founder of a $74 billion fund had a brutal assessment of brick-and-mortar stores
link : The billionaire founder of a $74 billion fund had a brutal assessment of brick-and-mortar stores
The billionaire founder of a $74 billion fund had a brutal assessment of brick-and-mortar stores
Thomson Reuters
David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills
LOS ANGELES – TPG’s David Bonderman just struck down on why retail is hurting.
“There are more store fronts than the country needs,” Bonderman said May 1 panel at the Milken Institute Global Conference held at the Beverly Hilton.
Bonderman is the billionaire founding partner of TPG, an alternatives firm with $74 billion in assets.
According to Business Insider’s Hayley Peterson, more than 3,200 store closures have been announced in 2017.
“The guys that are having the most trouble are selling other peoples’ brands,” Bonderman said, citing department stores.
“You can get those brands over the internet on many different sites. You can get them in retail stores on many different sites,” he added. “The internet has proven much more resilient than many of us thought.”
Bonderman highlighted many online retailers’ ability to offer free returns and convenient services like Amazon Prime, which offer 24-hour free delivery, as challenging brick-and-mortar stores.
You can read more about the retail apocalypse here.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Thomson Reuters
David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills
LOS ANGELES – TPG’s David Bonderman just struck down on why retail is hurting.
“There are more store fronts than the country needs,” Bonderman said May 1 panel at the Milken Institute Global Conference held at the Beverly Hilton.
Bonderman is the billionaire founding partner of TPG, an alternatives firm with $74 billion in assets.
According to Business Insider’s Hayley Peterson, more than 3,200 store closures have been announced in 2017.
“The guys that are having the most trouble are selling other peoples’ brands,” Bonderman said, citing department stores.
“You can get those brands over the internet on many different sites. You can get them in retail stores on many different sites,” he added. “The internet has proven much more resilient than many of us thought.”
Bonderman highlighted many online retailers’ ability to offer free returns and convenient services like Amazon Prime, which offer 24-hour free delivery, as
You can read more about the retail apocalypse here.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan untuk meneruskan bacaan di laman asal sila klik link atau copy paste ke web server : http://ift.tt/2qlN4cT
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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