Around the Net
Five Trends Killing Traditional Retail
- Forbes, Friday, December 14, 2012 8 AM
Watch your large back, Walmart: The web is going to eat you alive. Venture funds spent $242 million on online retail startups in the last quarter alone, more than any other period since 2000. E-commerce, meanwhile, is now a $200 billion-plus industry in the U.S., set to ratchet up 15% a year. Trends driving bricks and mortar to the dustbin: even traditional stores are seeing their online business boom; markup as part of traditional cost structure; free delivery, free returns; and subscription commerce.
