Originally Posted by Ghpr13
Predicting the demise of B&M electronics is hard to say, but in a way it might be just evolution...Many, including myself, have posted on how the old stand alone A/V shops that had mid to high end electronics became a thing of the past as Circuit City and Best Buy took over with their lower pricing. Now, Amazon.com, New Egg.com, and other on-line retailers have the upper hand in pricing. So will this lead to the B&M end? I guess we just have to wait and see. Funny thing is just the other day I came across a website for Circuit City. Seems they still have an on-line business.http://www.circuitcity.com/
About the only thing you can't buy online today is a new driveway. That has to be delivered and installed locally. Just about everything else is up for grabs.
Look what Wal Mart did to the local Mom and Pop shops. They are gone, gone gone. Then again, look what the Interstate Highway system did to local commerce and business. Sure it improved many, but killed others. Now the Internet is doing the same thing - and we all love it! New technology always changes the paradigm - for better or worse. MP3s kill the CD and turned the music industry on its head. After many lawsuits. DVD killed the VHS tape. Streaming is killing the DVD (sales and rentals), and will ultimately kill bluray as well.
More than anything all of these changes affected local economies - by slowly (or not) killing B&M businesses. But life adapts, jobs are lost, some are gained. If you happen to be benefiting from supporting the Internet, are a programmer, or in some support role, you likely have survived - so far. More changes are on the way, but as you say just how it will affect all of us remains to be seen.