Amazon's Bezos on the Future of Retail: Online will never overtake Offline

[mandy]

Online retailing will continue to evolve and grow over the next 10 years, but it will not come close to overtaking sales at physical retail stores, Amazon.com founder Jeff Bezos told a group of more than 1,000 people from Seattle's technology industry Monday.

Speaking at the Technology Alliance's annual luncheon at the Westin Hotel, Bezos said that e-commerce will probably account for 15 percent of the overall retail market by 2016. While that's up from about 2 percent right now, Bezos said brick and mortar stores are "not going to go away."

"We are physical creatures and we like to move around in our environment," Bezos said. "We are not going to ever get to this sort of shut-in stage that some people were worried about...

full article: http://seattlepi.nwsource.com/business/2...h15ww.html