4. mallsaredying
This decade’s great retail shakeout hit the biggest Shopping Centres hard from 2016. It lost many
anchor tenant as big department store chain began closing dozens of stores worldwide.
Traditional Retail had been replace for E-Commerce
How Retail Has Changed-The Future of E-Commerce
The way in which consumers shop has changed dramatically over the past 10 years. The popularity of
online shopping has soared and recent statistics show that 51 percent of the consumers not only prefer to
shop online but 80 percent have made a purchase online in the past month alone. So does the traditional
storefront still have a place in retail? How do we see retail changing over the next 20 years?
With the speed and popularity of online shopping, We can predict that stores will at some point altogether
disappear, but this sweeping statement may certainly not be true in the present. As consumers, there is
still that urge to go out and shop. Yes, there may be cheaper options online, but the experience and social
aspects of shopping make it a big part of why people love the traditional experience. We might not prefer
to buy in store unless there’s a good deal or offer but looking at the products, feeling them, and
experiencing them for ourselves is something consumers still desire when choosing what to buy.
