Three Unique Opportunities They Can Leverage to Flourish
The past decade has seen the rapid rise of the retail giant and the slow descent of the traditional retailer. The retail landscape has been transformed to such a degree, as to be unrecognizable. From this chaos, however, opportunities for the small, independent retailers are emerging.
The news in 2017 and early 2018 has been dominated with talk of mergers and acquisitions among the retail giants. Online retailer Amazon acquired bricks and mortar Whole Foods; and is now entering the health care industry as well. Tesco is merging with Booker to create the UK’s leading food business. WalMart acquired Jet.com and continues to gobble up technology startups. At the same time, retail technology has drastically changed customers’ expectations, providing them easy access to product information anywhere, at any time and redefining value and convenience.