Bricks and mortar retailers are history simply because online retailers do not pay sales commissions/sales wages. The market is now fully aware of the price differences between the 2 buying platforms - the difference is that b&m retailers can sometimes price-match onliners, but only by selling at a loss. As baby boomers head into retirement they will gradually reduce their retail buying with each year from now; they are the biggest shoppers for bricks and mortar retailers.
The newer generations are all about thrift and best value for money. They know when they are being taken for a ride, hence their reluctance to buy from a store, even when something's heavily discounted. If you look at the top online retailers here in Oz, you'll see just how much they are growing in size. Their wholesale buying power is now scaring the retailer executives into alleged extortion attempts to limit their supplies http://www.theage.com.au/business/retailers-try-to-stop-online-sales-ebay-20110905-1ju5k.html
Online retailing is the way of the future and it's here now. It's solid enough to withstand economic downturns as it won't have sales staff sitting around kicking paper footballs when there's no sales. We saw Apple start off something new 10 years ago with the ipod - it should have been a no-brainer. So are there any online retailers on the ASX yet?
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any online retailers on the asx?
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