Posted on 08/11/2020 7:37:01 AM PDT by Salman
Amazon is reportedly in talks with realtors to buy and remake the US locations of bankrupt Sears and JC Penney into Amazon fulfillment centers.
The Wall Street Journal cites sources familiar in reporting that Simon Property Group, a commercial retailer specializing in mall locations, was in talks with the Bezos' bunch to sell the now-vacant department store buildings. These will then be used as smaller, local versions warehouses for Amazon to store products before shipping out to customers.
Neither Amazon nor Simon Property Group responded to a request for comment on the report.
Those unfamiliar with the 1970s-1990s heyday of Sears and JC Penney will be forgiven for not understanding just what a seismic shift this deal reflects in American society. It is basically the equivalent of vanquishing your foe and turning his or her castle into horse stables.
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(Excerpt) Read more at theregister.com ...
His goal is to put everyone else out of business.
To be fair, that's the goal of any business, even if it isn't pointedly stated or even thought of.
Dump the Washington Post first.
Or building a mosque that overlooks the site of your most successful attack on your enemy......
Better analogy might be conquering a place, tearing down the churches and building mosques instead. Muslims have been doing that for about 15 centuries. But I guess it's not PC to use it as a metaphor for what Bezos is doing.
Every restaurant is Taco Bell. lol
Sears could have been Amazon but they were short-sighted.
So Amazon becomes Sears.
Well, it’s an ongoing trend, as Sears, Penney’s ,Macy’s etc have problems, and internet shopping has grown so much.
Many on this site have talked how they haven’t been to a shopping mall in years, and won’t go there. And go on to tell us how they do so much of their shopping online nowadays.
And a big percentage of online shopping goes through Amazon.
A vacant Sears near me was turned into a Burlington Coat Factory location. We will see former retail locations of shrinking or out of business companies put to other uses.
Too late.
Our Sears store is now a ‘Self-Storage’ place, and so is our K-Mart.........Our Penny’s is now in its last days of selling off the final merchandise and fixtures................
Mad Mo was a merchant................
I don’t know if I understand this.
His goal is certainly to grow and develop his business. His goal is to do that, regardless of what the management of Sears is doing with their business.
If former vacant Sears locations are prime real estate for Amazon, because Sears has shrunk, Amazon is making a business decision to move into abandoned property. It’s not as if Amazon acquired healthy Sears stores and turned them into Amazon warehouses.
Well, Taco Bell did win the restaurant war, after all.
I wonder if that’s more accurate.
Insights welcome.
Well make sure the social justice rioting crowd knows what to loot and burn then!
Sears did the same thing to the local retailers and mercantile in the last century. History just repeats itself.
Some lefty mayors, like DeBlasio are looking at putting Section 8 housing in vacant buildings - buildings where businesses have fled due to DeBlasio’s policies.
You’re correct. I remember when my local grocery stores were crying because Walmart was putting them out of business. But those same local grocery stores had no pity for the “mom and pop” corner stores that they had put out of business only two decades earlier.
Amazon will soneday be getting the same treatment the police are getting now. What goes around comes around.
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