Brick and mortar retailing

 

The Future of brick and mortar retailing

Brick and mortar retailing is the oldest known form of commerce. This form of commerce came as soon as money was invented. With the invention of money brick and mortar retailing took its place in commerce. It is the second phase in human trade after barter trade. Barter trade is the exchange of goods and services using other goods and services. This form of trade was common when humans where still hunters and gatherers. However brick and mortar retailing now dominates the world. A number of analysts argue about when brick and mortar retailing will be surpassed by e-commerce. Some argue that e-commerce will never surpass brick and mortar retailing and they will continue existing side by side.

The future of brick and mortar retailing in the 21^st century

More than 90% of all sales are still conducted via brick and mortar retailing. This makes brick and mortar retailing more dominant than e-commerce and unlikely to be surpassed in the near future. Brick and mortar retailing itself is evolving to introduce new technologies such as self-checkout registers. This means that the shopper no longer has the need to stand in the queue to buy the product they want in a grocery store. Brick and mortar retailing is also introducing other payment methods that incorporate online wallets.   The reason why people will continue using brick and mortar retailing is to have a social life. If everything was done online the world will become a boring place. This is why brick and mortar retailing is going to continue through the 21^st century as the dominant method of trade.

The future of brick and mortar retailing with e-commerce

There are others who still hold the view that brick and mortar retailing will continue declining as e-commerce grows. This view is mainly based on the fact that e-commerce has been on the steady growth for the last several years.