A major brick-and-mortar retail store closed recently in the town where I live. The problem for those of us who live here or in the surrounding area is that it was one of the few stores like it for over a hundred miles.
If I want to buy any of the kinds of products they were selling I now have to either do it online, or jump in my car and drive at least an hour and a half. One way.
That’s a lot of time wasted driving back and forth when I could be doing something else, like running my business.
But, the retail chain I am talking about is not alone. Every few months I hear about other retail businesses that are closing some of their store fronts.
I started wondering why so many businesses are closing their brick-and-mortar locations. After some pondering, I feel like there are 4 main reasons these retail businesses may be dying out.