Yes. They were Amazon without the internet at one time.
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 ...
Yes. They were Amazon without the internet at one time.
Imagine all the warehouse workers and local delivery drivers that will be required to make this work. It is good for the economy as it transforms.
Amazon is just the latest big boy. eBay was huge and is fading. Walmart is trying to keep pace with Amazon, but it is not easy.
The Chinese have Alibaba, already popular in other countries.
There will be competition....and competition is good.
Blaming an innovative successful Business Plan executed against existing Business Models run by People who assume they have no competition is short sighted.
When an Anchor Store in a Shopping Center or Mall is shuttered, all the other Businesses in that location suffer. I've seen it happen multiple times where we used to live in S. Orange County, CA.
A Shopping Center close to our Home was on its last legs when the primary Anchor Tenant, a Grocery Store closed. Even before the closure it was not a popular shopping place.
Losing that major source of Rental Income, the owner of the property let it languish even further and we watched one small Business after another close up shop.
That is until Whole Foods took over the empty space and some of the adjacent units. Talk about a Renaissance. that same Shopping Center is going gangbusters. All the previous empty Units are rented out and those small Businesses are thriving.
I doubt that would change Wapo much. Even if they fired the leftists working there, the replacements would be different leftists.
If Amazon wasn’t basically a store front for the CCP then I would be in favor of this.
And Walmart has become a retail behemoth in recent decades, which put many other businesses on the ropes or out of business. It’s part of the nature of capitalism that this happens.
Whatever happened to Montgomery Ward or Woolworth’s, for example? Whatever happened to Kinney Shoes or Robert Hall clothing stores? Whatever happened to Flying A gas stations? The nature of capitalism is that new companies can come along, and take so much business that the older established companies can’t compete anymore.
Could not have said it better!
Will these revamped stores be prime looting targets?
“Sears could have been Amazon but they were short-sighted.”
Yes. They were Amazon without the internet at one time.
And now, with the internet, teenaged boys don’t even need the lingerie section of the Sears catalog anymore.
“Sears could have been Amazon but they were short-sighted.”
Yes. They were Amazon without the internet at one time.
And now, with the internet, teenaged boys don’t even need the lingerie section of the Sears catalog anymore.
So we will re-live the days of the USSR with one peanut butter, one set of bed sheets, one pair of shoes, and two light bulbs.
Amazon is just the foreplay and dating stage in the relationship. Just wait until the honeymoon is over.
Well I certainly don’t want to see things evolve into Soviet style retailing. The nature of capitalism is that companies tend to grow and mature. We’ll see. I appreciate having various sources of goods and services rather than a central state utopia.
“ His goal is to put everyone else out of business.”
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I remember when IBM had over 95% of the computer business.....
I remember when Sears had most of the mail order business .....
I remember when Bell Telephone had virtually all of the phone business....
I remember when GM had the majority of the auto business.....
I’m tired, calf rope....
“Some lefty mayors, like DeBlasio are looking at putting Section 8 housing in vacant buildings...”
At the rate blowsitall is going Trump Tower will wind up section 8 lofts.
My cheap Canon printer/scanner died a couple of months ago, and coincidentally (?) such printers disappeared from Walmart. Amazon had some at triple the price Walmart used to have, plus shipping. Last month those cheap printers suddenly appeared at the Walmart store at about the same price they were months ago ($35). Amazon now sells them for about $12 more with "free shipping" (not Amazon Prime). If you paid for shipping the Amazon cost would be about triple. In my experience, Amazon "free shipping" is painfuylly slow (2 weeks or more). Amazon socks are a better deal for me than Walmart though.
At least Sears sold guns.
“A vacant Sears near me was turned into a Burlington Coat Factory location.”
If it goes from one retail store to another it is still a retail store building. By Amazon buying the locations. it creates a more expensive barrier to entry for other retail businesses in the future.
Stop it now or the "Too big to fail" game begins.
“I owe my soul to the company store....”
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