Saturday, May 21, 2016

A Paragraph to Ponder

"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.”"

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