Treasury's Mnuchin says Amazon 'destroyed' U.S. retail sector

1 / 2The G7 Finance ministers and central bank governors meeting in ChantillyWASHINGTON - U.S. Treasury Secretary Steven Mnuchin said on Wednesday that online giant Amazon.com Inc "destroyed the retail industry across the United States."

"If you look at Amazon, although they're certain benefits to it, they've destroyed the retail industry across the United States," Mnuchin told CNBC."I don't have an opinion other than I think it's absolutely right the attorney general is looking into these issues and I look forward to listening to his recommendations to the president.

amazon just made it convenient and cheaper. They are not much cheaper now just convenient. This is where retailers can fight back.

Amazon and wal mart

The retail sector stagnated while others innovated

Agreed.

Maybe? But u first: BlueWave2020 '

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Source: Forbes - 🏆 394. / 53 Read more »