"Smaller mom-and-pop shops are struggling due to competition from larger corporations, while brick-and-mortar retailers face declining foot traffic as online shopping rises. "
"Amazon profit surged 200% since the pandemic, but CEO Andy Jassy emphasizes the need to improve cost structure and operate margins beyond just growth."
The retail landscape is evolving rapidly, with small businesses struggling against larger corporate competitors, exacerbated by trends like remote work and shifting consumer preferences. Brick-and-mortar stores face challenges from declining foot traffic as consumers increasingly shop online. Amazon has thrived during the pandemic, seeing profits grow by 200%, yet emphasizes the importance of refining its cost structure and operational efficiency in addition to maintaining growth. This reflects a broader trend of consolidation in retail, where smaller shops find it difficult to survive in an increasingly competitive environment.
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