I was wondering about this forcing stores to provide more expertise and more flexible inventory. In my town 2 stores in a specific industry went out of business 3 years ago and made a big deal in the papers about how too many people were buying direct from manufacturers instead of visiting their store. I had been to both stores, asked some questions about products, got dumb answers and bad attitude, so I went home and bought everything online. In the last 2 years, 3 new stores in that same industry, 2 of them MASSIVE, have opened up near by (one of them in the same strip mall), and are doing very well. The difference? When you walk into these stores the employees know what they're talking about and they VERY quickly adjust inventory based on current market trends. Now I make most purchases in one of these 3 stores and not online - because I can do research better by talking to them and I can get most things immediately. It's required bigger investment from the owners, but they have thrived where previous stores failed and blamed e-commerce.
Doesn't work with a lot of commodities, but if you're in retail, I think it's clear you need to specialize and add value - and that requires more investment. Don't just be there and expect to keep existing.