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The Rise of E-Commerce is Transforming Traditional Retail
September 27, 2017
Retail giant, Toys “R” Us recently filed for bankruptcy, but they are not the first, and definitely won’t be the last brick-and-mortar business to close its doors. The news is part of a larger trend of closings that some are calling the “retail apocalypse”. The rise of e-commerce, combined with a shift in consumer preference toward dining out over shopping and with years of overbuilding has made for distinctly unattractive economics in traditional retail. While many businesses are closing, this retail transformation is providing an opportunity for other retailers to thrive.
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