The rapid growth of ecommerce can have several potential effects on traditional retail stores. Firstly, it can lead to a decrease in foot traffic and sales in physical stores as more consumers shift to online shopping. This could result in store closures and job losses in the retail sector. Secondly, traditional retail stores may need to adapt their business models to stay competitive. This could involve developing their own online platforms, offering click-and-collect services, or enhancing in-store experiences to attract customers. Lastly, the growth of ecommerce could lead to increased competition in the retail sector, as it allows for the entry of new players who operate solely online.
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