Amazon’s department-store plans are less surprising than they appear

The e-commerce giant gets physical


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  • 08 28, 2021
  • in Business

“THE WORLDCEO wants you to be typical …Don’t let it happen,” Jeff Bezos warned in April in his last annual shareholder letter as of Amazon. Hence bewilderment that his e-empire is to adopt a retail format that is very typical indeed: the department store. Having helped drive many chains out of business, it is now eyeing the format to boost its own retail fortunes.As a company, Amazon is entering a more mature phase. Now with a new chief executive, Andy Jassy, it is being forced to recognise that pure e-commerce has limits. It is also facing fresh competition from conventional retailers like Walmart and Target that are belatedly showing that they, too, can do the internet well.

  • Source Amazon’s department-store plans are less surprising than they appear
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