Monday, November 9, 2015
The third wave
The retail industry is going thru the third wave if not already. The first one is Walmart and the second one is Amazon. After I visited one clothing store this Sunday, I realized a third wave is going on as Peter Lynch preached (i.e. learn from the mall).
The new retail store is formed by the exporter(s) in China who have strong ties to the manufacturers. They cut down the middle man (themselves). Judging from the customers hauling carts of merchandises with smiling faces, I know the wave has started if not already. There are several retail chains already all over the world even in small Ireland I visited recently. If you have stocks on low-end retail chains, watch out.