Store Retail Industry
Recently I have been contacted by a Recruiter regarding a position with a large retailer of consumer electronics.
If selected and assuming that I accept the offer, the position will definitely be a boost in terms of title, salary and responsibility from where I am. Currently I am in a completely different industry that is quite stable.
My concern is that I have done some research regarding the Consumer Electronic Retail industry, and it does not seem to be doing well. Circuit City closed a few years ago. And many retail stores are struggling with competition from their online competitors such as Amazon.com.
What would you if you were in my situation?
personally, i believe joining a consumer electronic retailer is a risky venture mainly because the industry faces a lot of competition from its online competitors. Online competitors are always able to beat the prices of brick and mortar retailers and i believe that price is very important in the consumer electronic industry. In addition, consumer electronics is an extremely competitive field with very small margins on the retail side. Although I believe online competitors can beat their brick and mortar competitors on price, I don't think that brick and mortar retailers are going to become obsolete either. People still enjoy the experience of buying from a storefront. In conclusion, I believe that consumer electronic retailers will shrink over the next few years, which could lead to downsizing but it will still be existent. If the pay and status is significantly higher than you should definitely consider the transfer, but if its not much than i would stay at your current job
Thanks for the answer. The position will definitely be higher than my current position in terms of title and salary. As a matter of fact they usually prefer MBAs for these kinds of roles, but are willing to consider me.
Any insights from other "Monkeys"
It's a tough call. Brick and mortar CE retailers are toast but since there are only a couple left, they should be able to limp along for a while. If the jump is really big than you should go for it, while keeping a headhunter on speed dial. Could be a useful way to accelerate your career if you stay there for a year or less and then bounce to another industry. You also have to factor in that advancement might be hard once you get there given there will be relentless pressure to cut costs.
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