A Tailored Plan for Retailers to Successfully Combat the DisruptorsOctober 3, 2019
As digital shopping continues to grow at a rapid pace, it is causing tremendous disruption to the economic model that retailers have relied upon to build and run their businesses. Today, retailers are competing with other traditional brick-and-mortar stores, the digital giants like Amazon and Wayfair, as well as new digitally driven threats from rental and resale businesses such as Rent the Runway, The Real Real and Stitch Fix.
This disruption represents a fundamental shift in shopping behavior that will accelerate as a new generation of digital and value-savvy consumers become an even greater economic engine.. Retailers that rely heavily on traditional brick-and-mortar sales as their primary source of growth must urgently adapt or face significant declines in operating earnings and working capital.
Read the article at YPO.