[Forbes] BigDataFr recommends: How Can Smaller Retailers Fight Amazon’s Growth? The Answer Is AI And Personalization

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BigDataFr recommends: How Can Smaller Retailers Fight Amazon’s Growth? The Answer Is AI And Personalization

[…]The volatile condition of small American retail is no longer a secret. 43% of all U.S. online sales — amounting to $136B — were through Amazon in 2016, a 10% increase over 2015. The U.S. Department of Commerce confirmed that while total ecommerce sales increased by 15.6% in 2016, the majority of growth went to Amazon. Mary Meeker’s 2017 Internet Trends Report predicts that there will be 7,000 store closings in 2017, up from 5,000 last year. These trends are poised to grow as Amazon expands its physical footprint with projects like Amazon Go and brick-and-mortar bookstores.[…]

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By Kate Harrison
Source: forbes.com

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