“Stores are the new black in the world of e commerce,” says Scott Galloway from Sterns. Speaking at a conference he forecast declining growth of high profile pure play companies and noted many online retailers were rushing to open real stores.
The retailer of the future is Macys, he said. Retailers are growing their e commerce businesses and challenging pure play.
It’s a lot about shipping costs and this only serves to emphasise the need for a low cost bricks and mortar network – now where on earth would you find such a network of retailers in every community across the country?!
There are many interesting points in this You Tube video.
Tells us what you think.