How Amazon destroyed retail... and saved it | Andre do Valle

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...

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...