Brick-and-mortar retail is not declining but evolving, as stores take on new roles as logistics hubs, experiential destinations, and powerful drivers of demand and brand equity. Rising digital acquisition costs and operational challenges are pushing companies to integrate physical and online channels, using stores to improve fulfillment, customer engagement, and marketing effectiveness. The broader lesson for leaders: assets once viewed as liabilities can become competitive advantages when their role is reimagined and aligned with changing economics and customer behavior.
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