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Amazon is reportedly planning to open department stores, its latest experiment in physical retail
CNBC ^ | 08/19/2021 | Amelia Lucas

Posted on 08/19/2021 5:21:15 AM PDT by BenLurkin

Amazon department stores are expected to be in California and Ohio. The locations will take up roughly 30,000 square feet, around the size of a Kohl’s or T.J. Maxx location, but still about the third of a size of a traditional department store.

n recent years, the company bought Whole Foods Market and has opened brick-and-mortar book stores, Amazon-branded grocery stores and cashierless convenience stores. Physical locations come with higher fixed costs but can attract more eyeballs and allow consumers to try on clothes.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: amazon
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1 posted on 08/19/2021 5:21:15 AM PDT by BenLurkin
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To: BenLurkin

I wonder how they feel about looters.


2 posted on 08/19/2021 5:24:23 AM PDT by Track9 (Liberalism is a far worse virus. )
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To: BenLurkin

In person shopping and Amazon, two of my least favorite things. If they’d only be open from 0400-0700, they’d hit the trifecta.


3 posted on 08/19/2021 5:25:58 AM PDT by End Times Sentinel (In the conflict between the stone and the stream, the stream will always prevail.)
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To: BenLurkin

Call me crazy.. but if I had a multi billion dollar operation I wouldn’t mess with my success.


4 posted on 08/19/2021 5:26:47 AM PDT by Leep (Save America. Lock down Joe Biden!)
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To: BenLurkin

Bezos stepped down as CEO of Amazon to play space cadet. This is what happened.


5 posted on 08/19/2021 5:30:32 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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To: BenLurkin

I’d provide more pick up stations in retail outlets.


6 posted on 08/19/2021 5:39:40 AM PDT by Sacajaweau
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To: Leep
Call me crazy.. but if I had a multi billion dollar operation I wouldn’t mess with my success.

This announcement confirms something I've been saying for the last five years: Amazon hasn't been nearly as "successful" as they're made out to be.

Their sales volume has grown exponentially, but from everything I've read about the company it sounds like their retail sales operation is a break-even venture at best. Think about it: After all these years, they don't make any money on their merchandise sales.

A quick look at a traditional retail delivery process makes it easy to understand their problem:

1. Manufacturer delivers product to distribution center (DC) for retail store chain.
2. Product is delivered from the DC to the retail store by the store chain.
3. Retail store sells product to customer.
4. Customer takes the store home.

Amazon's entire business model has been built around making the process more efficient by refining the delivery processes for Step 1 and Step 2 and eliminating Step 3. But it turns out there are enormous costs to taking on Step 4.

Amazon is learning the hard way that making deliveries to every customer in all corners of the U.S. is a challenging task, and effectively imposes a cost on the company for a step in the delivery process that customers used to do "for free."

7 posted on 08/19/2021 5:42:22 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: Alberta's Child
Sorry -- correction for Step 4: Customer takes the product home.

At least outside Democrat sh!t-holes, that is. :-P

8 posted on 08/19/2021 5:43:43 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: BenLurkin
There are lots of empty Sears and K-Mart locations that the landlords would love to rent out to a tenant with deep pockets.

Apparently the history of the evolution of shopping started the same day Amazon started, so there's no lesson to learn from the current empty storefronts.

9 posted on 08/19/2021 5:50:57 AM PDT by Bernard (The very best scientific articles always contain this phrase: “My personal intuition has been…”)
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To: BenLurkin

bezos planned to put everyone else out of business, and become the only place to go to buy things. Retail has taken a BIG hit from Amazon, but I think the big retailers know retail better than bezos, and that this latest venture of his will fail. I may be wrong, but I hope not.


10 posted on 08/19/2021 5:52:21 AM PDT by I want the USA back (We have more to fear from our government than from the bug that the chicoms made for us. )
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To: BenLurkin
Let's see. I like Amazon because I shop online from home and it's delivered to my door.

Yet Amazon wants to open a brick and mortar store that requires me to do what I already don't want to do?

Pretty funny.

11 posted on 08/19/2021 5:55:40 AM PDT by LouAvul (Lying headlines from fake news articles written by pimps masquerading as journalists.)
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To: I want the USA back

Who wants another retail store they will be banned from or thrown out of because they won’t wear a muzzle or get jabbed with the poison?


12 posted on 08/19/2021 5:56:00 AM PDT by dforest (huh)
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To: LouAvul

I know, that is the whole point. You don’t have to go to a store.


13 posted on 08/19/2021 5:56:56 AM PDT by dforest (huh)
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To: BenLurkin

This seems like a less than brilliant plan. I wonder if any of the Amazon executives has ever been in a T.J. Maxx or Burlington Coat Factory store, let alone worked at one.


14 posted on 08/19/2021 5:59:25 AM PDT by Tax-chick (Nature, art, simplicity, peace.)
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To: LouAvul
Seems like their formula is pretty simple. They've crushed brick and mortar retail. Now, they're going to finish the job by opening retail stores in select markets. Similar to how Walmart has driven small retail businesses into bankruptcy, but using a different method.
15 posted on 08/19/2021 6:16:10 AM PDT by Thermalseeker (If ignorance is bliss how come there aren't more happy people?)
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To: BenLurkin

Sears, Roebuck & Co. started as a mail order company. Then they built stores. Then they fell in love with their stores. Then, years later, after original management had passed and new, professional leaders gave directions they began the long, slow slide down to bankruptcy.

Where is Sears?

Amazon started as an internet version of Sears. Will they follow?


16 posted on 08/19/2021 6:25:25 AM PDT by cpt_dave
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To: Alberta's Child

“Amazon hasn’t been nearly as “successful” as they’re made out to be.”

Spot on, you beat me to it.

Too bad Sears had bad management, they had the perfect setup with the old catalog business. They could have converted the catalog to online then use the Stores as the distribution network.


17 posted on 08/19/2021 6:25:39 AM PDT by DEPcom (Make the enemy live up to its own book of rules)
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To: cpt_dave

You win lol you beat me to the comment. Spot on.


18 posted on 08/19/2021 6:26:28 AM PDT by DEPcom (Make the enemy live up to its own book of rules)
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To: BenLurkin

When it is difficult to shop inna store? I don’t believe any of this. They will at most be drop off/pick up centers. Nothing on shelves. “Go over there and see the catalog. We’ll have it for you this PM.”

Oh, and looting? With nothing on shelves, problem solved.


19 posted on 08/19/2021 6:26:37 AM PDT by bobbo666 (Baizuo)
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To: BenLurkin

They are truly evil. They’ll do anything to put their competition out of business. Can you say monopoly?


20 posted on 08/19/2021 6:34:43 AM PDT by bgill (.Which came first, the vax or the virus?)
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