10 Forces That Are Killing Retail As We Know It

  1. Retail is global – shipping is cheaper than real estate
  2. We live in an era of pure competition
  3. There are zero barriers to entry
  4. Price is the only motivator for purchase
  5. Prices are real-time transparent
  6. If you create something new, everyone will copy it – overnight
  7. Brands are going direct and by-passing the middle man
  8. Shopping is impersonal. Everyone is too busy for human interaction.
  9. There is no loyalty. Customer go to where the best deals are
  10. There’s nothing new in retail that gets people excited.