Tuesday, November 29, 2016

Ex-Best Buy CEO urges big-box chains to make Amazon-type changes or die

Image result for best buy The likes of traditionally brick-and-mortar-centric Best Buy and Wal-Mart have made great strides to compete more effectively online, but they need to continue to evolve in order to close the gap with e-commerce powerhouse Amazon, said former Best Buy CEO Brad Anderson.

He said the slow response by most brick-and-mortar retailers to the rise of Amazon was due to complacency. "I think that occurred in a sense because the warnings of what online would do took about five years.". . . more

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