The type, nature of, and demand for store fixtures is changing rapidly as a result of
in reshaping the landscape of the retail industry. The depth of Amazon’s impact on the retail industry varies by sector. For example, despite its entry into the grocery delivery business, Amazon has only gained 1% market share of the U.S. grocery industry, whereas in industries like publishing, consumer electronics, and easy-to-ship consumable products, Amazon has made a huge dent and has caused massive disruption.
At the end of 2015, the Wall Street Journal ran a column entitled, “Predictions: What to Expect in 2016.” The article featured 17 prominent experts who presented their view on the most significant developments they anticipated for 2016. The ideas presented were big: how technology will transform the financial services industry, advances in behavioral genetics, the fall of the Islamic State, and so on. Surprisingly, on the list of 17 major predictions was the following:
The Return of Bookstores