Gromek Says Retail Works When Pricing Is Competitive

The video discusses the shift from brick-and-mortar stores to online shopping, highlighting the growth of e-commerce and its impact on traditional retail. While online shopping is increasing, physical stores remain relevant due to consumer preferences for in-person experiences. The future of retail involves a mix of thriving shopping centers, closures, and repurposing of others. Consumers often use physical stores to evaluate products but purchase online for better prices, emphasizing the importance of competitive pricing in retail strategies.

What factors contribute to the decline in mall traffic according to the text?

How much of retail is currently online, and what does this imply about consumer behavior?

What is the future outlook for brick and mortar retailers as mentioned in the text?

Discuss the impact of price competition on consumer shopping behavior as described in the text.

What role does online shopping play in price equalization according to the speaker?