For more than 10,000 years stores have played a significant role in the formation of our cities. They built around town squares and have historically acted as meeting spots providing culture and community. The Internet is changing this behavior. First, retail stores moved away from town centers and out to suburban malls, disconnecting from the city center. Later, as online buying became more and more popular, these same stores started really struggling with diminishing sales. The first real casualty of online shopping was when music stores began to disappear. Ask yourself, when was the last time you were in a record store with CDs? This trend is bound to continue as more diverse products (clothing, medications, home goods) are being offered by the online giants. Brick and mortar stores are being forced to innovate or die. Even fresh food is openly available to be purchased online and delivered to your doorstep in larger cities!
The Future of Retail
The Future of Retail
The Future of Retail
For more than 10,000 years stores have played a significant role in the formation of our cities. They built around town squares and have historically acted as meeting spots providing culture and community. The Internet is changing this behavior. First, retail stores moved away from town centers and out to suburban malls, disconnecting from the city center. Later, as online buying became more and more popular, these same stores started really struggling with diminishing sales. The first real casualty of online shopping was when music stores began to disappear. Ask yourself, when was the last time you were in a record store with CDs? This trend is bound to continue as more diverse products (clothing, medications, home goods) are being offered by the online giants. Brick and mortar stores are being forced to innovate or die. Even fresh food is openly available to be purchased online and delivered to your doorstep in larger cities!
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