Brick and mortar retail once felt fairly brick-like. In mature markets, some of the department stores were more than 100 years old, and sometimes even looked a bit like castles. Later, malls and big box stores popped up, and created a whole new landscape, that also looked, in its way, just as permanent.
Shutting Shop
[This article has been reproduced with permission from CKGSB Knowledge, the online research journal of the Cheung Kong Graduate School of Business (CKGSB), China's leading independent business school. For more articles on China business strategy, please visit CKGSB Knowledge.]
Today life is so busy,Most of them have internet,to save time,money, online shopping is increasing,retailers should change themselves by providing better service,better offers like credit,discounts,better shopping experience.
on Aug 16, 2013Good one, had a similar article published in April...enjoy reading ! http://www.business-standard.com/article/companies/is-showrooming-keeping-retailers-up-at-night-113042300625_1.html
on Aug 16, 2013