With in-store sales expected to drop 35% as a result of the pandemic, major retailers are prolonging the sale to last a few more days and investing heavily in online offers.
The e-commerce platform has confirmed that it is opening 100 new operations sites this month, and it’s believed that most of the 100,000 employees coming on board will be deployed into these new facilities.
With the advent of online shopping along with retail stores filling for bankrupcy, Amazon seeks to turn unused department stores into fulfillment centers.
Experts warn that the autonomous territory is headed for a recession after weeks of protests destroyed the retail sector and disrupted the booming tourism industry.
The company, which is now valued at $800 billion, will not have to pay anything in federal taxes this year and this is not the first time this happens.
