> The overheads of physical retail stores makes it all but impossible for them to compete with online shopping.
As a purely-theoretical thought experiment, this may be true.
As a blanket statement about prices in the real world, this is not correct.
There are many stores around me here in San Francisco who absolutely do have prices that are close to (and sometimes lower than) "e-tailer" prices. If stores in SF can meet or beat "e-tailer" prices, I find it hard to believe that stores in Bum-fuck Nowhere, USA can't ever do the same.
As a purely-theoretical thought experiment, this may be true.
As a blanket statement about prices in the real world, this is not correct.
There are many stores around me here in San Francisco who absolutely do have prices that are close to (and sometimes lower than) "e-tailer" prices. If stores in SF can meet or beat "e-tailer" prices, I find it hard to believe that stores in Bum-fuck Nowhere, USA can't ever do the same.