Online sales: A bummer for stores and economy?
The Associated Press” width=”560″ height=”307″ /> People attend Shoptalk, a retail and technology conference in Las Vegas, earlier this month. What’s the future of the physical store? That was one of the big topics of a three-day conference called Shoptalk, which attracted more than 3,000 people from a broad spectrum of the retail world, including stores, suppliers and venture capitalists. The Associated Press
Q: Is there an economic downside to shifting sales from stores to online websites?
Bob’s Answer: NO.
Those places that are entertaining and provide an experience that allow people to “shop the mall” are staying vibrant.
Today’s consumers yearn for and will continue to visit those high energy, unique shopping places.
Locations where people simply go to the store to purchase commodities are feeling the real brunt of that online competition. Hence, the ultimate shift is from mid-market, commodity driven department stores to online.