BUKIT LANJAN: Can online shopping go on growing unabated to replace physical retail stores?

BUKIT LANJAN: Can online shopping go on growing unabated to replace physical retail stores?
First it was Lazada Malaysia when it announced that it had broken a new sales record on Nov 11, generating more than RM100 million of gross merchandise value (GMV) in a single day. (Read this for context: https://bukitlanjan.blogspot.my/2017/11/bukit-lanjan-impressive-lazada-rm100.html)
Next it was Shopee’s day, announcing that it recorded 2.5 million orders across the region within 24 hours on Dec 12.
“So, is online shopping and e-commerce replacing the traditional or conventional retail shopping in the future?” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff asked.
He said e-commerce seemed to be a trend popular among the young, perhaps even a fad of sorts.
“Don’t whack me so fast for my views. Only time will tell,” he added.
Syed Razak said he tended to agree with the views of Unibail boss Christophe Cuvillier that online shopping would not grow forever.
“There’s nothing like going on window shopp…
First it was Lazada Malaysia when it announced that it had broken a new sales record on Nov 11, generating more than RM100 million of gross merchandise value (GMV) in a single day. (Read this for context: https://bukitlanjan.blogspot.my/2017/11/bukit-lanjan-impressive-lazada-rm100.html)
Next it was Shopee’s day, announcing that it recorded 2.5 million orders across the region within 24 hours on Dec 12.
“So, is online shopping and e-commerce replacing the traditional or conventional retail shopping in the future?” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff asked.
He said e-commerce seemed to be a trend popular among the young, perhaps even a fad of sorts.
“Don’t whack me so fast for my views. Only time will tell,” he added.
Syed Razak said he tended to agree with the views of Unibail boss Christophe Cuvillier that online shopping would not grow forever.
“There’s nothing like going on window shopp…