Every company is competing against Amazon.
I worked for a big data company that had powerful technology to provide incredible analytics telling companies how their web sites were performing and how their mobile apps were performing. The best retailers are adapting quickly, but maybe not quickly enough to save them. Once the brick and mortar “DNA” is in your e-staff blood, it is hard to get it out.
That’s a separate issue. Leveraged buyouts enrich the investors by bleeding the company, while the retailer is saddled with debt that sales cannot possibly service. Then BK washes away the debt, or the company liquidates. In either case the investors make a killing.