It would appear at first glance that the COVID-19 pandemic’s biggest winner in 2020 is the online shopping behemoth Amazon. As lockdowns spread across the globe, devastating the legacy brick and mortar retail industry, Amazon sales jumped 27 percent year-on-year. With Neiman Marcus, J Crew and other major retail brands declaring bankruptcy, the Amazon online retail steamroller seems unstoppable.
An Amazon delivery person walks in Times Square following the outbreak of coronavirus, in the Manhattan borough of New York City. (Reuters)
Deng Jinling, manager of Lucky Bird Trade Co. checks her online store in Yiwu, Zhejiang province, China June 2, 2020. (Reuters)