Why Physical Retail Stores Are Not Going To Die — At Least Not Until 2020

Business Insider

Earlier this year, tech investor and entrepreneur Marc Andreessen turned heads when he told PandoDaily physical retail stores would die altogether.

" Retail guys are going to go out of business and ecommerce will become the place everyone buys," the Netscape founder and Pinterest investor said. "You are not going to have a choice. We’re still pre-death of retail, and we’re already seeing a huge wave of growth. The best in class are going to get better and better...software eats retail."

But Corey Capasso doesn't agree. In fact, he just raised $3 million for a new company called Nomi, which brings the power of digital data to physical retail stores.

He thinks, if retailers start looking at physical locations as an advantage rather than a detriment to their balance sheets, they can have a leg-up on e-commerce shops.

Currently, physical retail stores make up 90% of all sales. Capasso thinks they're safe for a long time -- definitely until 2020.

Here's his take.  

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