Once the traditional retail giant of China's electrical industry, why in the era of e-commerce, became despondent

This is inevitable. Because the new economic situation is bound to prevail over the traditional form of economy. After all, the rise of e-commerce has had a great impact on the physical industry. After the impact of the impact, the number of physical stores closed each year far exceeds the number of new physical stores opened. The real economy is indeed in a downturn, except for those who insist that they are still struggling. There is no denying that the value of physical investments has also plummeted.

In the current economic industry, brick-and-mortar stores are an asset-heavy industry, with payment costs and returns that are completely unmatched. The most obvious is the increase in the cost of renting a home, but the clientele has begun to decline significantly, and profits are far lower than before. Wages are rising while sales are falling. Due to the impact of the e-commerce industry, many brick-and-mortar stores are very much staying afloat and will inevitably close. However, there are still many brick-and-mortar stores that are still growing. Even though the e-commerce industry is so affected, they can still survive, which is actually the law of the market.

Now that new e-commerce trends have emerged and the brick-and-mortar economy has begun a slow recovery, the future of the economy is like a cycle. Brick-and-mortar stores have always been based on convenience and quick consumption. For example, in daily consumption of flour, rice, oil and salt, the Internet can not achieve the fastest purchase speed, and most people will choose to buy goods directly from the physical store, which indirectly highlights the charm of brick-and-mortar stores. Although many industries are not suitable for the development of brick-and-mortar stores, it is undeniable that brick-and-mortar stores still have an important position and necessity in society.