Retail does not have to die, it just have to reinvent itself and cater to the newer age of audiences. With the rampant invasion of eCommerce, you can basically buy everything online through the web or a mobile app. Retail is getting expensive especially in countries such as Singapore. Revenue can barely cover the cost of rental expenses, let alone staffing costs.
Retail should not just be the selling of products; it should be the selling of an experience.