Source : Pixabay/Simon
eBay CEO discussed the future of the company during the annual conference in Las Vegas this week. he said that he considers the Bricks and Mortar (B&M) retail world to be at a turning point with change coming sooner than many might imagine.
He said, ”The fourth quarter of last holiday season was a really important moment. I think it was an inflection point where that was the end of retail as we know it. And I do think the restructuring of this industry is going to happen faster than a lot of people think. The fourth quarter is the moment that people will look back on and say, ‘That’s when the current structure of the industry was irretrievable.’”
“I think the complete death of stores has been greatly exaggerated. The consumer wants stores. The entire world will not be online. But there are both capacity and utility issues in retail. People don’t like poor store experiences.”
During the event, he also commented on the new policies on border taxes, import duties and immigration which directly affects the business of eBay. He said, “I absolutely want the President of the United States to succeed. I’m the CEO of an American business and I’m an American citizen. With that said, we’re going to speak up about issues that for us, aren’t about politics, they’re about our business.”