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Glossary/Brick-And-Mortar

Brick-And-Mortar

What Is Brick-And-Mortar?

Brick and mortar signifies a traditional physical store or business with a physical presence in the real world that is appended by a physical building or storefront. The businesses focus on a retail outlet, where customers can physically make a deal to buy products or services. Unlike purely online or e-commerce businesses that perform transactions and customer service online, Brick-And-Mortar businesses build their business upon direct interactions and relationships with customers and employees physically inside the store. Physical shops compete with online stores but also provide this immediate effect, the command of goods, and a personal level of service, which is advantageous for them.

Local brick-and-mortar businesses are significant economic cadres in their respective local areas, thus creating employment opportunities and promoting the general dynamics of the neighbourhood. They provide better and faster routes to reach customer's desires and positively impact the formation of trust and customer loyalty. Furthermore, they are influential in social interactions. The consumer can order, ask, or even comment through customer service. Offline stores will always be the main point of contact with customers despite online players that regularly open up. This clearly shows how important their presence is for the retail market development.

Example of Brick And Mortar

An obvious case for the brick-and-mortar notion is also recognized in the retail industry. For example, a neighbourhood bookstore that offers a variety of books and organizes events, author 1 readings, and book club meetings would be a viable 2 options. Not only does it serve as a place to sell books, but it is a cultural center where local habitants can meet and discuss different topics. Customers can walk around the isles and intermingle with staff and the community while appreciating the positive atmosphere in the actual physical space. The example of a music festival demonstrates the value of enhancing the quality of life by promoting arts and culture. The storefronts that provide real bricks and mortar create unique experiences; hence, no online business can compete with this. Therefore, they keep the value of communities high, and anything they bring cannot be neglected in retail.

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