UK Retail

David Jinks: “Half of existing stores may disappear by 2023 — that’s largely down to the impact of e-commerce. It’s more efficient, greener and comes with better protections for consumers,” (image: shutterstock.com)

Will the High Street Survive an Amazon Takeover?

The previously online-only bookshop has expanded aggressively into brick-and-mortar retail, which is reeling from inflation. Analysts say Amazon's technology gives it an edge, but there are privacy concerns
Britain's Chancellor of the Exchequer Philip Hammond: "We’re very clear that you have to support the high street through that process of change." Image: REUTERS/Henry Nicholls

Online Retailers May Face “Amazon Tax” to Save Brick-and-Mortar Businesses

Chancellor Philip Hammond revealed that he is seriously considering applying an “Amazon tax,” that is, a tax for online retailers, in order to even the competition with traditional companies.

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