Amazon CEO predicts the end of brick-and-mortar retail

Amazon's CEO has predicted the end of brick-and-mortar retail, a statement reflecting the significant shift in consumer behavior during the Covid pandemic. Many consumers were compelled to shop online due to restrictions, leading to a realization of the convenience and ease of online shopping. As a result, online shopping now accounts for 16.3% of total shopping. This trend suggests a lasting change in how consumers prefer to shop, potentially reshaping the retail landscape permanently.