4 ms·
Look at how retail has changed in the past 30 years. I usually point out video rental stores as an example of technological disruption. Rental stores and stores
by Noos 7y ago
Look at how retail has changed in the past 30 years. I usually point out video rental stores as an example of technological disruption. Rental stores and stores that offered rentals as part of their mix made up something like 45,000 locations, and maybe about 125k jobs. They were replaced by maybe 20k jobs or less, with redbox and netflix combined only accounting for 8kish jobs.
Retail changed from a career that offered full time jobs to one making use of a just in time workforce, and has suffered tremendous consolidation over that period.Like entre chains and concept stores have declined; something like Media Play is dead and no longer able to be revived. Even Gamestop suffers, as the amount of physical releases declines.
I think retail shows it can be pretty dire indeed.