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Retailers, technology firms join hands to ward off 'Amazon Effect'

Bricks-and-mortar retailers are becoming future-ready with help from IT companies

Amazon, Online shopping
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Photo: Reuters

Karan ChoudhuryIndivjal Dhasmana New Delhi
In battleground India, caught in the middle of two giants Amazon and Walmart Inc worth more than a trillion dollars combined, are the large number of traditional bricks-and-mortar retailers fighting hard to stay relevant. Aiding them in this fight for survival are a few tech companies, who after being at the receiving end of Jeff Bezos’ ambitious plans globally are hoping to finally counter what is now known as the ‘Amazon Effect’.

According to various industry analysts, the Amazon Effect is the impact that online e-commerce has had on physical retail. 

With expectations of customers changing and demand for seamless,