The Impact of E-Commerce on Traditional Retail: A Comparative Analysis
Keywords:
E-commerce, traditional retail, comparative analysisAbstract
This paper presents a comparative analysis of the impact of e-commerce on traditional retail establishments. With the rapid growth of online shopping platforms, traditional brick-and-mortar retailers face significant challenges in maintaining their market share and profitability. This study examines the various ways in which e-commerce has influenced traditional retail, including changes in consumer behavior, shifts in market dynamics, and alterations in supply chain management practices. Through a review of existing literature and empirical data analysis, key differences between e-commerce and traditional retail models are identified and analyzed. Furthermore, this paper explores strategies that traditional retailers can adopt to adapt to the evolving retail landscape and compete effectively in the digital age. The findings contribute to a deeper understanding of the complex relationship between e-commerce and traditional retail and provide valuable insights for businesses navigating the changing retail environment.
