What is a major challenge of brick-and-mortar stores compared to online retailers?

The challenge of competition with convenience and pricing of online shopping options is particularly significant for brick-and-mortar stores. This is because online retailers often provide a wider selection of products and better pricing due to lower overhead costs. Customers can shop from the comfort of their homes at any time, which adds to the convenience factor. Furthermore, online retailers can implement dynamic pricing strategies and promotional offers that are more challenging for physical stores to match.

As consumer behaviors shift towards online shopping, brick-and-mortar stores face the daunting task of attracting customers who may prefer the ease and accessibility of purchasing items online. Therefore, they must work harder to offer unique in-store experiences, personalized services, and competitive pricing to survive in a market that increasingly favors online shopping. This underscores the distinct challenges that physical retailers must navigate in an evolving retail landscape dominated by digital commerce.