JEFF BEZOS TO RETIRE AS AMAZON CEO TO BE REPLACED BY ANDY JASSY
Amazon has been a caustic influence on high street retailers who were forced into competing on a stage they were unfairly not equipped for. I hope Amazon is regulated into oblivion so brick and mortar stores might survive. I can’t imagine a high street without shops.
After almost three decades of rapid expansion, disruption and transformation, Jeff Bezos will finish his run as chief executive of Amazon next week. What comes next for the company?
Amazon now has more than 200 million Prime subscribers, more than 100 million smart home devices are connected to its Alexa voice assistant and users are estimated to have spent more than $10 billion during the company’s latest annual sale day last month.
Industry analysts question the sustainability of this trajectory. There are obviously limits to the Prime membership penetration,” GlobalData Retail’s Neil Saunders says. “It’s not conceivable that that will continue to grow…you’ll just run out of people who are interested”
Yet this may not be an issue for Amazon. Away from consumers, it already obtains half its operating profits, and arguably more power, by selling services to other companies.
Amazon, underpinned by a relentless drive for dominance, is well used to vying with competitors.Many believe however that the biggest threat on its horizon is posed not by rivals but by regulation
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