Will Amazon Go Change The Way We Shop?
For those of us in the retail real estate world, we’ve spent years watching retailers grow their online presence and shrink their brick and mortar footprints. While internet sales equate to only 8% of total retail sales, we’re continuing to hear about retailers scaling back their traditional retail presence in favor of growing their e-commerce business. Internet sales continue to grow and we won’t be seeing the end of this trend any time soon. However, there are a few e-commerce retailers that are heading in the opposite direction by dabbling in a more traditional retail platform, proving e-commerce nor traditional brick and mortar can stand alone. Amazon, the e-commerce giant, is beginning to substantially grow their traditional brick and mortar presence.
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