3 Keys to Surviving in Retail: Target Corporation (TGT) and More

Location, location, location
To leverage that idea, I think location will become increasingly important to everyone in retail. Why should I drive 10 miles out of the way to buy something Amazon will deliver to my door in two days? Even Target or Wal-Mart will need to be on the way for me to stop by to pick up items, even if they do put them straight into my car.

Location has always been key to retail, but it will only become more important in the future. The convenience of shopping online has negated the need to go out of our way to shop for everything from socks to rare electronic gadgets. If it’s not convenient, we aren’t going to buy it.

Foolish bottom line
Retail is changing, and retailers need to change along with it —  particularly those who have been struggling. I think we’re in for more consolidation, some surprising innovations, and a renewed focus on location from those who survive.

The article 3 Keys to Surviving in Retail originally appeared on Fool.com and is written by Travis Hoium.

Fool contributor Travis Hoium manages an account that owns shares of Apple and is personally short shares of Amazon.com. The Motley Fool recommends Amazon.com and Apple. The Motley Fool owns shares of Amazon.com and Apple.

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