It is an irrefutable fact that shopping online has become increasingly popular these days. In this regard, there is a possibility that online shopping would lead to the closure of brick and mortar stores in cities and towns in the future. This essay will discuss the possibility of this happening.
To begin with, the vital reason for the closure of physical stores in the future is that consumers are quite satisfied with the unique shopping experience provided by online sites. This is because they have wide varieties of shopping options to choose from, coupled with fast and reliable delivery channels which makes most of the customers prefer e-commerce sites over traditional stores. For instance, recently, in Bengaluru many renowned stores had to shut down because of the change in shopping preferences of customers. Consequently, given the fact that e-commerce companies have entered into almost every sector, there is a high possibility that retail stores will eventually perish.
Another compelling reason that the e-commerce giants will succeed over retail shops is that they have a larger capital base and lower overhead cost. These companies have an enormous net worth to afford substantial marketing cost to penetrate the market despite the competition from the stores. For example, Amazon has launched a plethora of drones for initiating faster delivery, which would decrease the manpower cost dramatically. As a result, although these companies incur huge capital expenditure, the income generated over a period of time is multifold which makes them market leaders and thus lead to the elimination of the traditional stores.
In conclusion, it can be anticipated that e-commerce companies will acquire the entire market share in the future because they provide exceptional client service and are efficiently able to reduce the overhead expenditure.
It is an irrefutable fact that
shopping
online has become
increasingly
popular these days. In this regard, there is a possibility that online
shopping
would lead to the closure of brick and mortar
stores
in cities and towns in the future. This essay will discuss the possibility of this happening.
To
begin
with, the vital reason for the closure of physical
stores
in the future is that consumers are quite satisfied with the unique
shopping
experience provided by online sites. This is
because
they have wide varieties of
shopping
options to choose from, coupled with
fast
and reliable delivery channels which
makes
most of the customers prefer
e-commerce
sites over traditional
stores
.
For instance
, recently, in Bengaluru
many
renowned
stores
had to shut down
because
of the
change
in
shopping
preferences of customers.
Consequently
,
given
the fact that
e-commerce
companies
have entered into almost every sector, there is a high possibility that retail
stores
will
eventually
perish.
Another compelling reason that the
e-commerce
giants will succeed over retail shops is that they have a larger capital base and lower overhead cost. These
companies
have an enormous net worth to afford substantial marketing cost to penetrate the market despite the competition from the
stores
.
For example
, Amazon has launched a plethora of drones for initiating faster delivery, which would decrease the manpower cost
dramatically
.
As a result
, although these
companies
incur huge capital expenditure, the income generated over a period of time is
multifold
which
makes
them market leaders and
thus
lead to the elimination of the traditional stores.
In conclusion
, it can
be anticipated
that
e-commerce
companies
will acquire the entire market share in the future
because
they provide exceptional client service and are
efficiently
able to
reduce
the overhead expenditure.