There’s no question that the Internet has fundamentally changed the retail industry. With the rapid growth of Amazon.com (NASDAQ: AMZN) and other online retailers, traditional brick-and-mortar retailers have had varying degrees of difficulty competing with the convenience and low prices that the Internet enables.
While the growth of e-commerce has been a major trend in the retail industry for the past two decades, there are three other megatrends playing out right now that could have equally vast implications for the retail industry at large.
The rise of the omnichannel retailer
While online-only retailers have certain advantages over brick-and-mortar retailers — mainly freedom from the fixed costs associated with operating stores — brick-and-mortar retail isn’t going away. The retailers that ultimately survive and thrive will need to have a presence both physical and online, with a tight integration between the two. …
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The Motley Fool 4/18/2015