As Mark Twain remarked, 'the report of my death was an exaggeration.' So it may be with brick-and-mortar retail.
Amazon's pandemic-fueled warehouse expansion appears to have run its course, and the company is now reportedly scaling back the growth of its operations.
The e-commerce behemoth has closed or scrapped plans for 42 facilities and delayed opening 21 facilities spanning multiple countries over recent weeks as the company readjusts to a post-lockdown reality, consultant firm MWPVL estimated, per Bloomberg....
...Warehouse slim-downs are only part of the equation. Amazon's total workforce plummeted by nearly 100,000 during the second quarter, marking the largest contraction from quarter to quarter in Amazon's history, according to the outlet.
Yah, well, rumors of Amazon's illness aren't the same as rumors of its death. Amazon will be fine, but so will well-run and attractive brick-and-mortars.
1 comment:
I'm going back to brick-and-mortar for a lot of the stuff I used to get from Amazon. Amazon is into too many 'causes' I'm against. Most of the stuff can also be purchased directly from company websites if I can't find it locally.
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