While most retailers have online storefronts, strictly online purveyors with no brick-and-mortar counterparts are hoping to snare a percentage of the retail profit. And major players, such as Amazon.com, have generated enough business to cause top brick-and-mortar competitors to follow up with their own Internet sites. Traditional retailers such as Wal-Mart and Starbucks, hugely successful in their own right, have also set up online stores so as not to miss out on the revenue opportunities that the Internet offers.
- Contributed by Nithin Narayanan
Posted in: Retail Business Management
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