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Beyond Technology: How Commerce Will Change in 20 Years

Blue Acorn

Physical retail stores are closing left and right, traditional malls are going extinct, shipping is changing, and the way we interact with brands is becoming more personal than ever. Some stores will even offer automated solutions that simply allow an access code to be used as verification and then out pop your items like a vending machine.

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How To Start a Retail Business: The Ultimate Guide

Korona

In that case, it is ideal to set up in a business district with plenty of foot traffic from consumers who can afford high-end products. The choice of location will also depend on your budget because you will have to renovate the sales site, pay rent, down payment, and many other expenses. How do I start a retail business?