Retail Change: A Look at the Past, Present, and Future

Abstract

The retail industry has evolved over time and has had constant change. Retailers adjust to accommodate with the changes, and those that are able to change with the times are more likely to be successful. The history of retail has adjusted with each major development of technology, from trains, cars, internet, to tablet computers today. Consumer behavior has also adjusted to the changes in retail and technology. This paper looks at the early history of retail to where we are today. Retailers that want to remain relevant in the future must adapt with the changes in technology and consumer behavior. It is clear that the retail industry is in a period of exceptional disruption and change.