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These 12 Retailers Have Been Hit Hardest By Amazon

The “Amazon Effect” has cost retailers billions in lost revenue and market value over the past decade, leading to thousands of storefront closures. But when it comes to the latter metric, these 12 chains were among the hardest hit.

“Brick-and-mortar retailers are increasingly losing foot traffic, and sales to Amazon as consumers increasingly shift to online shopping, either by desktop or mobile device.”

Read the full story at NewTheory Magazine