Chain Store Age
Is there anyone left who’s still trying to deny the disruptive forces shaking the retail industry? Google just got clearance to deliver pharmacy items by drone in Australia. Amazon operates 10 of its highly-automated Amazon Go convenience stores — and that number could soon rise into the thousands, according to recent reports. Rent the Runway, a startup that hopes to do for clothes what Netflix did for movies, in March raised another $125 million in funding, valuing the Manhattan company at $1 billion.
The question is, how should established businesses respond to new entrants? . . . more