A Paragraph to Ponder

From RetailWire:

"But Jerry Storch, CEO of Canada’s Hudson’s Bay Company, which operates Saks 5th Avenue, Lord & Taylor, Gilt and Germany’s Galeria Kaufof, as well as its eponymous stores north of the border, would beg to differ.

“That narrative is all wrong; 90.2 percent of sales are still in stores,” he told a packed audience. “Amazon still only controls 1.5 percent of U.S. retail sales.”"