7News Editorial: Local Retail Closures - KSWO 7News | Breaking News, Weather and Sports

7News Editorial: Local Retail Closures

(Source KSWO) (Source KSWO)

LAWTON, OK (KSWO)- KSWO recently reported on the closure of a third major retailer, this time Sears in Lawton, with their doors expected to close at the end of March. 

The major driving force behind these closures is the continued migration of consumers to shop-online rather than the traditional brick and mortar locations. Online sales grew 14% in the 2016 holiday season nationwide according to Kiplinger, in-store sales only grew 1.4%. 

Why should we consumers be concerned? Research shows that 68 cents out of every dollar spent in local businesses stay here in our community. The sales tax on these purchases made locally fuel economic development, fund road improvements, parks, schools as well as provide jails and detention centers, just to name a few.  

I’m not suggesting we totally stop shopping online, but when you shop consider the real cost locally of buying from a NATIONAL website and the ramifications of these purchases. If we take these businesses and the local services provided from their sales tax revenue for granted, there will be future closures and cutbacks in city services.

Sixty-eight cents of every dollar flowing back into this community is a compelling reason to shop at a local store first. Every dollar spent here is an investment that will bring dividends to all of us. 

Copyright 2017 KSWO. All rights reserved. 

  • Local NewsNewsMore>>

  • Undersea quake sends Alaskans fleeing from feared tsunami

    Undersea quake sends Alaskans fleeing from feared tsunami

    Tuesday, January 23 2018 5:28 AM EST2018-01-23 10:28:12 GMT
    Tuesday, January 23 2018 10:51 PM EST2018-01-24 03:51:43 GMT

    A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

    A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.

  • Classmate: Girl tortured with siblings was bullied, frail

    Classmate: Girl tortured with siblings was bullied, frail

    Tuesday, January 23 2018 8:49 PM EST2018-01-24 01:49:21 GMT
    Tuesday, January 23 2018 10:51 PM EST2018-01-24 03:51:22 GMT

    A classmate says the oldest of the 13 California siblings who authorities said were imprisoned by their parents was frail, smelly and picked on as a grade school student in Texas.

    A classmate says the oldest of the 13 California siblings who authorities said were imprisoned by their parents was frail, smelly and picked on as a grade school student in Texas.

  • In Oscar nominations, fresh voices lead the way

    In Oscar nominations, fresh voices lead the way

    Tuesday, January 23 2018 12:18 AM EST2018-01-23 05:18:02 GMT
    Tuesday, January 23 2018 10:49 PM EST2018-01-24 03:49:57 GMT

    Guillermo del Toro's lavish monster romance "The Shape of Water" will vie for the most Oscar nominations Tuesday, but just as much attention may be focused on categories where women could history.

    Guillermo del Toro's lavish monster romance "The Shape of Water" will vie for the most Oscar nominations Tuesday, but just as much attention may be focused on categories where women could history.

Powered by Frankly