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Online retail made a mockery of those early-mover assumptions, by demonstrating that first could also mean worst.
The accounts filed at Companies House show HMV Retail made a pre-tax loss of £8.8m after expenses that included £10.3m of payments to sister companies.
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By contrast, organized retail makes up more than 20 percent of sales in China and 36 percent in Brazil — the two emerging economies to which India most frequently compares itself.
And as big fish in areas like retail make efficiency gains they need fewer workers, who instead swell the shoals of less productive minnows.
On top of this, keeping a large staff runs counter to one of the most important trends in retail: making customers do more of the work.
Apple Stores have long been a pioneer in experiential retail, making their stores centers for shoppers to check their emails and interact with Apple Geniuses to resolve their technical issues.
Currently retail makes up 80% of the company's sales, with 5% direct to consumer and the remaining 15% across food service, catering and wholesale combined.
And while retail makes up most of the company's $108.3 billion revenues, its cloud computing division brought in $17.5 billion or 16% of sales last year.
But despite retail making up a substantial chunk of the Middle East economy - and credit card usage being widespread - it has taken longer to establish the trend in the region because e-commerce is still in its infancy.
Dear Steve, I work retail making $11 hr.
I'mm still working retail making $11hr.
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