Did the Increase in online shopping lead to some store closures?

Reports released on the numbers of customers who prefer to shop online show an upward trend, with the numbers of shoppers who chose to shop online growing year after year with no sign of slowing down.

Retailers quickly adapting to smart phone applications made it easy for millions of customers to shop using their smart phones.

In Canada “Canadians boosted spending by 15.4 per cent on Cyber Monday (Nov. 29) compared to dollars spent during the comparable period in 2010, Moneris Solutions reported earlier this month.”

In the US, “U.S. Christmas Day 2011 Shopping Online Increased by 16.4 Percent.”
This significant increase in online shopping will have direct effects on the more traditional way of shopping and no doubt the numbers of customers shopping in stores will delaine which will ultimately lead to store closures.