Simon served as President and CEO of Wal-Mart USA from 2010 to 2014. He told CNBC, the US financial website: 'Amazon does not make money in the retail industry. It is pushing retailers out of the market.'
He said that the e-commerce giant has been operating at a loss for several decades and has been subsidizing losses in its retail business through profits from other businesses such as Internet services.
Simon said that Amazon's behavior is anti-competitive and unreasonable. It's actions have not hurt the large retail companies in the United States. For example, Wal-Mart, Koster and other companies can make adjustments, but Amazon will hurt small. Large-scale retailers, but also hurt retailers in the industry category. For example, toy retailer Toys R Us went bankrupt, and department store JC Penny fell into crisis.
Simon is also a member of the Board of Directors of Dalton Restaurant in the United States. He said: 'This is because Amazon's price is lower than the cost, and it continues to do so. The company destroyed the employment opportunities in the retail industry and also damaged the value of the retail industry. . '