Wednesday, May 6, 2015

Retail vs Online?

Borders group, a company that used to operate more than 500 book stores in the US and 150 in Australia and Singapore closed all it’s retail outlets abruptly in 2011, resulting in thousands of job losses.  The longest serving manager with this company affixed a sign to the store, before closing down it’s doors for the last time, stating “Thank you for shopping at Amazon”, clearly blaming the relatively young online giant for taking this company and many others out of business. 

In the last few years many more retail outlets continue to close down or at least loose business to online competitors.