Magazine : Archives : 2nd Quarter 2022
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What Banks Can Learn From Bookstores Research firm CB Insights recently listed 12 industries Amazon.com is most likely to disrupt next. On that list were payments and small business lending — direct threats to banks and fintechs looking to protect their territory in the space. But interestingly, one industry that Amazon recently tried to compete in was excluded: independent bookstores. More than 25 years after it was created to sell books cheaper online, Amazon.com announced in early March that it would close dozens of physical bookstores and other small retail locations. The online retailer made a name for itself crushing...
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