BOF: The Future of Retail is the End of Wholesale
Mark Smith from KW Menswear in Yorkton, Saskatchewan just sent over an interesting Op-Ed piece from Doug Stephens that was published on the BOF website. Simply titled: The Future of Retail is the End of Wholesale.
The article challenges todays wholesale/retail models and sparks and interesting conversation on the future of our business and what role (if any) bricks & mortar stores will play in the digital age.
Image: Cutler Design in Vancouver
E-commerce will rapidly reshape the entire economic model of retail, spelling the end of wholesale, argues Doug Stephens, founder of Retail Prophet. How many of today’s retailers will simply stand by and watch an ever-increasing percentage of their sales cleave off to an expanding mosaic of online competitors — which, by the way, may include many of their own suppliers who are now selling direct to consumers?
Please take a minute to read the entire article and the comments below.