Investor Stanley Druckenmiller, who managed George Soros’ money for 12 years, told attendees of a morning session that Amazon’s superefficiency has so disrupted the retail industry that chains in the US today are lucky to get $1 back in sales for every $1 they spend.
Yet the Amazon retail juggernaut, he said, receives nearly $4 dollars in return for every $1 it spends.
US retail also needs to step up its efficiency in real estate management.. . . more