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
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