Wednesday, May 18, 2016

Retailers swap ideas on coping with behemoth Amazon

Image result for amazon“You’re crazy if you compete against Amazon and you don’t recognize they are bigger, stronger, faster,” said Scott Thompson, the CEO at online shopping service ShopRunner and former head of Yahoo. “They’re playing their sport on their field with their referees and their fans.”

The comments came at the heels of a tough week for department stores and other traditional retailers, which posted surprisingly disappointing earnings, even as Amazon shares broke record levels, buoyed by unexpectedly good results.. . . more

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