Posted on 03/23/2017 12:49:20 PM PDT by publius911
"It's no secret that Amazon (AMZN) is upending retail, with a new bankruptcy filing or store closure announcement coming nearly every day since the beginning of March from traffic starved bricks-and-mortar retailers."
"And the digital beast is showing no signs of letting up."
(Excerpt) Read more at thestreet.com ...
But when they’ve driven all the brick & mortar stores out of business they can raise their prices as much as they like! true and they don’t pay local taxes
And a lot of other stuff as well.
That is not really true. Amazon, and savvy customers, have figured out the legal and ethical tax workaround.
Best Buy and being knowledgeable about technology do not go in the same sentence.
Bobby Moran?
You completely missed my point.
My point is, that Amazon seems to be masters at identifying what works and what doesn't;* and have been so for 20 years.
Ask brick and mortar bookstores (the area Amazon "perfected") if Amazon is a monopoly.
I am a long time customer of Amazon and a Prime member. But I see a problem there I hope doesn't happen. There is more I need to post to clarify the argument, which may make things clearer.*
* If someone decided to deliver the Sears house shown later in the thread, they would clean up; I am surprised that Amazon has not thought of it... LOL
I am now 10 years retired, but my 45 year professional life in Engineering/architecture and Planning, as well as a homeowner tells me so.
Wow, looks bigger than that.
I didn’t really understand why Sears and JCP didn’t morph into what Amazon became. They were of the mindset for people to shop from home, you would have thought it would have been natural for them to come up with internet shopping in a big way.
Funny. I had to check. They do.
Good for you.
Knee-jerk seems to be endemic around this place.
There may be a certain number of trolls who are paid to post, paid by god-knows who.
Anyway, once Amazon and a few other have everything, including groceries, you want to shop for covered, it's easy to slap gas rationing on all the evil people like me who have a 4x4 that doesn't run on coal, er, electricity or is the size of a soap box derby toy car.
After all, they won't impose restrictions on UPS, FedEx, USPS, etc. so they won't be imposing hardship of any kind on people who already voted with their dollars and chose those big online sellers anyway.
Sorry, I'm in a conspiratorial mood this morning after watching a few episodes of Ghost In The Shell to wash the image of the wench they put in the movie of the same name out of my mind. Oops, thought of her again, I'll put the USB stick back in and watch some more.
Mastering what works and what doesn’t won’t make you a monopoly. If anything it helps them realize why they don’t want to be a monopoly because that makes life suck.
Doesn’t matter what bookstores think. The facts are the facts, and the facts are judges generally require a company to have at least 80% of the market share to be a monopoly, and Amazon only has 41% of the book market, 65% of the online book market. Not a monopoly.
Sears house wouldn’t work in today’s market. What everybody ignores about those is that they were all assembly require. Who has the time, much less the skills, to do that anymore? It really wasn’t that big a seller for Sears, only sold 70,000 units over the course of the 32 years they were on the market. It’s value was really in the symbol more than the item, it really helped push the building materials section of the catalog.
Mail order really went out of fashion in the 70s and 80s. The age of the mall made mail order slow and outdated. By the time the 90s hit most mail order companies that didn’t have retail were dead. Amazon’s big innovation there was pretending it wasn’t mail order, they made it smell new. I don’t think an old catalog company could have done that.
Empire building executives refusing to adapt in favor of turf grip in their bloated overhead corner offices. At some point all high level management turns away exciting new things in favor of the comfort of that buggy whip.
The future is Amazon, ground package delivery, and fresh food retail. That’s pretty much it in retail.
BWAHAHAHAHAHAHA. In other words I’m right but you won’t admit it. Well at least we all now know you’re full of it.
Actually fresh food retail is facing some serious competition from places like Homechef.
Agreed on all points.
For those of us in rural fly-over country, Ebay and Amazon are really great. Walmart is good for somethings but we have smaller Walmart stores, too, not the suburban mega box version. So often the only way to get many items is online. And you get access to reviews that give a real-world assessment of how the product really works out. Plus prices are often significantly cheaper online. Sorry, local dirty and disordered stores with stupid and/or rude useless clerks. You did it to yourselves.
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