Amazon Inspires Panic Moment in the Retail World

Amazon Inspires Panic Moment in the Retail World

Never mind that Amazon Go is just one location in an Amazon building in Seattle and it isn't even open to the public yet. There's reason to be afraid. Macy's and Lowe's this month announced thousands of layoffs, and traditional retailers have faced four years of declining store traffic. Meanwhile, Amazon keeps growing its revenue in the double digits, and it just unveiled plans to hire 100,000 more workers in the US. Now the Amazon Go concept has come to shake up physical retail.

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