“Those who cannot learn from history are doomed to repeat it.” – George Santayana In early September, the media went abuzz with news of Amazon becoming the second US company to surpass the $1 trillion market cap. However, the news of Amazon’s success has eclipsed certain interesting facts: 2017 was the worst year ever for traditional retail stores thanks to e-commerce businesses like Amazon. More than 662 traditional retail businesses filed for bankruptcy in 2017 — a 30 percent increase from 2016. Traditional retailers were the second biggest job loser in 2017 — contributing to a loss of over 36,000…

This story continues at The Next Web