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 ...
I remember when business computers were called IBM even if they weren’t. I remember when copy machines were called Xerox even if they weren’t. One of these days even Kleenex and Q-Tip will lose.
Actually no it isn’t.
Outsell the competition perhaps but make them disappear? No.
Marvel Comics without competition from DC shrinks the overall market, it doesn’t grow it.
Even your competitor’s burger joint serves as a subliminal message “food” “burgers” “eat”. And if you have a preferred brand you may hold out for the one you like but you may still be motivated into a purchase by your competitors’ signs.
Does Amazon still try to offer “tax free” sales while having a footprint in every state?
Gee, I wonder where Bezos stands on the Demwit-engineered destruction of brick-and-mortar businesses?
I thought 120+ years ago that Sears Roebuck shipped your delivery to the General Store for pickup. Only Sears didn’t own the storefront.
>>His goal is to put everyone else out of business.
Despotic Marxists are like that.
The irony of that isn’t lost.
Many of these malls are on the outskirts of towns with relatively easy access to suburbia and interstates making them perfect locations for amazon distribution centers/fulfillment centers, etc..
A mall near me is managed by Simon properties. Three of the four major anchors in the mall (Sears, JC Penny, Carson Pirie Scott, Macy's) are either out of the mall altogether or on their way out very soon. The "specialty shops" and shoe stores that litter the rest of the mall are closing up left and right and this is in an affluent area with lots of money to spend.
I'm not sure who didn't see this coming, it was easy to spot when the malls started dying off.
it’s hard to look a wharehouse vs a store.
I don’t know. Good question. If they move on to having a physical presence in so many states, it seems impossible for them to claim they don’t have to deal with the sales tax laws of that state.
Amazon has already put them out of business by producing a superior way to deliver products. So what?
I get that Bezos is a liberal a-hole. But, that doesn't mean Amazon hasn't beaten the competition by being a superior means of selling items.
Woolworth was upended by Kmart, Kmart was upended by Walmart, Amazon is upending Walmart... I wonder who or what will enentually upend Amazon.
Didn’t Marshall Field’s employees think they owned the business?
How long will it take Amazon employees?
Not Sears, but JCPenny’s, they had a 4 billion dollar a year catalog business that had 11 “outlet” stores just to unload merchandise that wasn’t selling or had been returned.
Amazon put that out of business.
I’ve been inside the one in Auburn, WA. It’s freakin’ H-U-G-E.
Did Marshall Field employees own stock, or have an employee stock ownership plan of some kind?
Whatever the case, when the holding company of Macy’s bought Marshall Field’s, they turned the Field’s stores into Macy’s, and Field’s went out of business. If they did have stock, then they ended up with stock in the Macy’s holding company.
OK, so what? Every business owner wants to eliminate all competition.
If there are other, better ways to deliver to the consumer, the things that they want to spend their money on, then it will happen.
Why does it surprise anyone that Bezos is smart and wants to advance his footprint?
Stuff I buy on Amazon comes from mom and pop type businesses. It’s not like Amazon manufactures everything.
Only a matter of time before the Amazon sjws get too big for their britches.
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