Friday, September 20, 2019

Amazon has to 'figure out how to compete with Target and Walmart'

Yahoo Finance
Amazon’s push for one-day shipping may not be enough to compete with the big brick-and-mortar retailers.

“Target and Walmart’s online sales are growing three times Amazon’s in the U.S. Forty percent pick up at store, they’re getting it same day. Amazon can’t do that. So they’ve got to figure out how to compete with Target and Walmart,” Ron Johnson, Enjoy CEO and former CEO of JCPenney, told Yahoo Finance’s The Final Round.. . . more