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Jeff Bezos stepping down as Amazon CEO, but not expected to step away
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Jeff Bezos may step down as CEO of Amazon but not expected to step away
Updated Feb 03, 2021;
Posted Feb 03, 2021
Amazon CEO Jeff Bezos speaks at the 2019 Amazon re:MARS convention, in Las Vegas. Amazon said Tuesday, Feb. 2, 2021, that Bezos is stepping down as CEO later in the year, a role he s had since he founded the company nearly 30 years ago. (AP Photo/John Locher, File)AP
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By Joseph Pisani and Michael Liedtke | The Associated Press
Even after stepping aside as CEO, Amazon founder Jeff Bezos appears likely to keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail its power.
Bezos May Step Down Without Stepping Away
The departing Amazon CEO appears likely to keep identifying new frontiers for the world s dominant e-commerce company.
Feb 3rd, 2021
AP Photo/Pablo Martinez Monsivais
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon s power.
Tuesday s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn t mean Amazon is losing the visionary who turned an online bookstore founded in 1995 into a behemoth worth $1.7 trillion that sometimes seems to do a little bit of everything.
RETAIL By Andrew Asch | Thursday, January 21, 2021
The Grove
The
National Retail Federation reported on Jan. 15 that business for the 2020 holiday season was surprisingly strong. Sales grew 8.3 percent to $789.4 billion, beating the prominent trade group’s forecast of 3.6 percent to 5.2 percent growth.
Business for the crucial retail season was widely forecasted to be undercut by the economic fallout from the COVID-19 pandemic. However, Jack Kleinhenz, the NRF’s chief economist, said that the season’s business was saved by government stimulus payments and because consumers were not spending money on entertainment, dining out or travel.
“The promise of a new round of stimulus checks after a deal was struck before Christmas helped increase consumer confidence. Consumers were also encouraged by the news of COVID-19 vaccines becoming available, which helped offset concerns about increased infection rates and state restrictions on activity,” Kleinhenz sai
Holidays could make or break struggling stores
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