Yeah, maybe in 100 years or so...
It’s true that some other company might come along and blow past Amazon. At the same time Amazon doesn’t seem to be resting on their laurels. They’re both aggressive and innovative.
Sell if you own it. In fact if you didn’t sell this years ago you’re late to the game.
LIST OF SEARS AND KMART CLOSING AS OF 1/4/2018:
http://searsholdings.com/docs/010418-store-closing-list.pdf
“The purpose of a market economy is not to preserve businesses or jobs – it is to satisfy consumer needs and desires. The reason we work is to be able to consume. The company that comes up with the easiest, cheapest and most efficient way for us to do that will earn our loyalty – and hold it only until someone else comes up with a better formula.”
Womyns and chilluns hit the hardest.
“LEAKED MEMO: DREAMers Are ‘Critical’ To Dems ‘Future Electoral Success’
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right. just like climate “scientists” claiming that “global warming” causes record-breaking cold ...
Sears and Amazon are too very different marketing systems.
When it comes to economics, I would be the last person to pretend to be knowledgeable, but, just based on this excerpt, I think the writer is ignoring a major change that has occurred since the days of the dominance of Sears, i.e., the Internet, and the Internet makes it much easier to respond to business changes very quickly.
Also, a major factor is that Amazon has had a lot of Rat help in cornering the market. Hoping Trump can fix that.
Amazon is slowly losing its credibility. I’m seeing more reports of sales of Chinese knockoffs, and fake products. There are many products where, when negative reviews ruled, they remove the product for a short time, then reintroduce it to start from scratch.
All’s it will take is a federal tax on internet purchases.
Never underestimate the power of management to screw up a good thing.
I don’t think so, for one, Eddie Lampert is a moron and a kook.
I have 3 major sources of purchases outside groceries: Amazon, eBay, and Walmart. Gets me what I need when I need it. Also provides competition and a way for little guys to operate against the big guys.
There are other channels I look at as well depending on the product: Etsy, Facebook live auctions, Craig’s List, traditional Yard Sales, and such.
My wife and daughters won’t buy clothes online and most groceries my wife is too picky to trust anyone else to do the selection. So those continue to be brick and mortar.
Sears is vulnerable...because of a lack of vision from those in power.
The Amazon proposition is if its online portal is worth the 20% margin it charges. The answer is yes, and companies like Nike are going all in now. It will be a long while before someone can compete w/ Amazon, but they will. For now, Amazon will rule.
My local Sears closed several years ago. The only thing it was good for was the Craftsman section - gave me a place to hang out while the wife and kids shopped. They had nothing worth buying other than tools, though - hadn’t spent a dime their for years before they closed.