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Marc Andreessen talks about the flexibility of ecommerce. Combined with social experiences he believes will be the fatal blow to retail as we know it.
“But what will really brings retail to its knees isn’t just the baggage of physical stores and inventory — or at least excess inventory that isn’t intelligently matched to what consumers want. It’s the shopping experiences that companies like Fab and ShoeDazzle are starting to create. The fun, the browsing, the entertainment, and the social aspect were largely what was keeping malls and traditional retail alive…Malls are going under, and there’s more to come…These chains are much closer to going under than you think.”
Read more about the the death of mall-based retail at Pandodaily.