Can IoT breathe new life into brick and mortar retail?
Brick and mortar is dead. Or at least, according to some. Naysayers have been ringing the death knell of the retail store for some time. Online commerce is booming, with online sales totaling $341.7 billion in 2015, a 14.6% increase over the previous year, according to the US Department of Commerce. Last year, ecommerce accounted for 60.4% of all retail sales growth.