Do you think the importance of location has diminished in last few years?

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Title: Location, Location, Location. This has been the mantra in retail space for last 200 years. However, online retailing has changed this in last 20 years. Do you think the importance of location has diminished in last few years? Or the importance has shifted to “ONLINE LOCATION”? Discuss in detail and provide example to fortify your arguments.

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