He also added that the future of retail will likely involve a mix of physical stores and online experiences.
That's according to Ron Johnson, the former head of the Apple Store who oversaw the tech giant's retail efforts from 2000 through 2011. "I think it's tough," Johnson said in an interview withon what the next decade looks like for Amazon. "They're on their heels. . . They barely make money in their online store, and Target, Walmart are growing faster."
"I believe you get about a 20-year run in retail," Johnson said. "The department stores owned the '60s and '70s. The Gap, The Limited, Victoria's Secret, owned the '80s and '90s. Amazon's owned 2000, 2010. We're looking for what's next, and that's going to be a physical retailer with a really strong physical backbone."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon announced 2 automaker partnerships for Alexa Auto platform - Business InsiderAmazon made announcements that illustrate its strategy to expand access to consumers through Alexa Auto — including new automaker partnerships.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon is warning consumers using Honey that it could be a security risk - Business InsiderAmazon recently began presenting a security warning to consumers using Honey, a PayPal acquisition, that it tracks behavior and collects their data.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon seeks to block Microsoft working on $10 billion Pentagon JEDI contract - Business InsiderAmazon wants to block Microsoft from working on the $10 billion JEDI contract at all until its own challenge of the contract has been resolved Fun Fact: Amazon-Bezos 🤡 owns WashingtonPost. Evil Bezos twin knows that. they are both spying on customers
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple iPhone 12 rumored to support faster mmWave 5G technology - Business InsiderThe new iPhone that Apple is expected to launch later this year will have faster 5G speeds than we initially thought, says one of the most accurate analysts
Source: BusinessInsider - 🏆 729. / 51 Read more »
Has Amazon Already Figured Out the Future of the Music Streaming Business?In order to grow, streaming services may need to offer customers more, better, and cheaper subscription options — something Amazon is already doing maybe. but if not they will wait for someone else to then buy them out Que se lance para presidente para que siga ganando dinero el cañón este. It’s going to be interesting if amazon can grab market share from Spotify. How do you think they will go about it?
Source: RollingStone - 🏆 483. / 51 Read more »