How Can Brick-and-Mortar Survive Amazon? Ask Warren Buffett; His Retail Businesses Are Thriving
Berkshire Hathaway reported that earnings from its retail businesses actually increased 27% in the three months through June.
In a retail landscape decimated by almighty Amazon (AMZN) - Get Report , most retailers are considered lost causes before they even hold their earnings calls. But if anyone can find success in the struggling industry, it's naturally Warren Buffett.
Berkshire Hathaway (BRK.A) - Get Report just reported that earnings from its retail businesses actually increased 27% in the three months through June. So where did Buffett find the retail holy grail?
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Editor's Pick: Originally published on August 7, 2017
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