Tuesday, April 10, 2018

Billionaire mall owner: 'Amazon has been great for retail' — and here's why

At a time when retail stores have been closing due to the "Amazon effect," billionaire mall owner Rick Caruso says "Amazon has been great for retail."

Caruso said Amazon has shown retailers how to innovate and serve customers more effectively. Retailers that are evolving in the right ways are thriving and growing, the billionaire real estate developer said.

The fact that Amazon is opening physical stores "tells us that a hybrid model where you have digital and you have (brick and mortar) retail is very important," Caruso said.. . . more