RETAILERS OUR NOW SHOWROOMS
Like most things, the demise of retailers might not be evident to the “experts” but trends that carry on predict the future unless there is a change in the trend, then the predicated future from this trend would be the outcome.
What is meant by all of this?
Big online sites/retailers are replacing physical retailers, for example Amazon, a big retailer is quickly or slowly taking over (depending on people’s perception) the market. So, the consumer heading to a known retailer whether it’s Woolworths (in South Africa) or Walmart (in America) may take a picture at Woolworth’s and then purchase it as Amazon.
Here Patrick Bet-David explains this disruption:
In South Africa, some of the retail monopolies (or major holders in the traditional retailers) have recognised this threat and are the owners behind some of the big online retailers like Takealot.