LINKEDIN (2018)

by Andre do Valle, Executive Director at Global Innovation Management Institute

"Pundits have been calling it for a while. The Oracle of Omaha, Warren Buffett, himself called "the end of retail as we know it" back in May at his annual pow-wow. Recently I read an article that this year no new enclosed mall was built in the United States for the first time in 60 years. The data-points go on. It's stark. Amazon may not be solely responsible for this apparent demise of the brick-and-mortar store and of the town center, but it surely accelerated things in a way that no one could have predicted it. With an increasingly seamless ordering system...

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Amazon strategy - Acquisitions, M&A strategy
"The retail apocalypse refers to the closing of a large number of American retail stores beginning in 2016...as American consumers shift their purchasing habits due to various factors, including the rise of e-commerce... Of 1,200 shopping malls across the US, 50% are expected to close by 2023* (Wikipedia)

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