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10/5/20121

10/5/20122The eCommerce locust swarm

The eCommerce locust swarm

2Can we get an appropriate visual?Its going to get harder and harder to justify the retail store market. The model has this fundamental problem where every store has to have its own inventory, and every store is a warehouse.- Marc Andreessen10/5/20123410/5/2012

eCommerce sales are the only bright spot in a dull retail marketplace 4

ImminentOnline Penetration by Category

30-50%20-30%