Best Buy is Closing Stores. 20 years from now will there be many stores left?

  1. jpelczar profile image60
    jpelczarposted 5 years ago

    Best Buy is Closing Stores. 20 years from now will there be many stores left?

    Best Buy, Lowes, and Sears have all announced multiple store closings.  Most items in stores can be purchased online much cheaper so it makes sense that brick and mortar retailers are having a hard time surviving.  What type of stores are going to be left 20 years from now?

  2. hender profile image37
    henderposted 5 years ago

    I think this is a very good question that every retailer wants to answer first.  My opinion is that we'll see smaller specialty stores (such as Best Buy's "mobile only" stores) intertwined with larger necessity stores (such as groceries).  Certainly, most items a person needs can be purchased online.  There will probably always be business-to-business type stores, such as auto parts, equipment sales, advertising, etc.  Retail is going to be an interesting ride though.

    Perhaps we'll see them all give up and just invest in huge super-efficient warehouses and freight services.  Imagine the big companies offering their own freight services to have absolute control over costs, and use it as a revenue stream for smaller affiliates.  Certainly though the innovators are going to win, and the stagnates will die off.

  3. profile image28
    amisysophiaposted 5 years ago

    I think this is a very good question that every retailer wants to answer first. My opinion is that we'll see smaller specialty stores (such as Best Buy's "mobile only" stores) intertwined with larger necessity stores (such as groceries). Certainly, most items a person needs can be purchased online. There will probably always be business-to-business type stores, such as auto parts, equipment sales, advertising, etc. Retail is going to be an interesting ride though.

 
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