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We've reached the endgame: Bezos 'in talks' to turn shuttered department stores into Amazon warehouses
The Register ^ | 10 Aug 2020 | Shaun Nichols

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.

...

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


TOPICS: Culture/Society; Extended News; News/Current Events
KEYWORDS: amazon; antitrust; bezos; districtofcolumbia; jcpenney; jeffbezos; malls; monopoly; retail; sears; shaunnichols; simonpropertygroup; theregister; trustbusters; wallstreetjournal; washingtoncompost; washingtonpost
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To: snoringbear

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.


41 posted on 08/11/2020 8:47:30 AM PDT by discostu (Like a dog being shown a card trick)
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To: Mr Ramsbotham

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.


42 posted on 08/11/2020 8:49:14 AM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: Dilbert San Diego

Does Amazon still try to offer “tax free” sales while having a footprint in every state?


43 posted on 08/11/2020 8:50:12 AM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: discostu
Let's not forget Kotex.😁
44 posted on 08/11/2020 8:50:36 AM PDT by Lurkina.n.Learnin (Life is anecdotal)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
Gee, I wonder where Bezos stands on the Demwit-engineered destruction of brick-and-mortar businesses?

45 posted on 08/11/2020 8:52:14 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: blackdog

I thought 120+ years ago that Sears Roebuck shipped your delivery to the General Store for pickup. Only Sears didn’t own the storefront.


46 posted on 08/11/2020 8:52:19 AM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: I want the USA back

>>His goal is to put everyone else out of business.

Despotic Marxists are like that.


47 posted on 08/11/2020 8:52:49 AM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: HombreSecreto

The irony of that isn’t lost.


48 posted on 08/11/2020 8:53:07 AM PDT by Rebelbase
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To: Salman
As predicted more than a year ago when malls started dying in earnest.

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.

49 posted on 08/11/2020 8:53:14 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Salman

it’s hard to look a wharehouse vs a store.


50 posted on 08/11/2020 8:53:19 AM PDT by BereanBrain (qu)
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To: a fool in paradise

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.


51 posted on 08/11/2020 8:58:18 AM PDT by Dilbert San Diego
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To: I want the USA back
His goal is to put everyone else out of business.

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.

52 posted on 08/11/2020 9:03:25 AM PDT by Kazan
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To: Salman

Woolworth was upended by Kmart, Kmart was upended by Walmart, Amazon is upending Walmart... I wonder who or what will enentually upend Amazon.


53 posted on 08/11/2020 9:19:17 AM PDT by aquila48 (Do not let them make you care! Guilting you is how they control you.)
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To: Wilderness Conservative

Didn’t Marshall Field’s employees think they owned the business?

How long will it take Amazon employees?


54 posted on 08/11/2020 9:20:02 AM PDT by Scrambler Bob (This is not /s. It is just as viable as any MSM 'information', maybe more so!)
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To: HombreSecreto

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.


55 posted on 08/11/2020 9:20:56 AM PDT by Brellium ("Thou shalt not shilly shally!" Aron Nimzowitsch)
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To: RayChuang88

I’ve been inside the one in Auburn, WA. It’s freakin’ H-U-G-E.


56 posted on 08/11/2020 9:24:48 AM PDT by hoagy62 (DTCM&OTTH)
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To: Scrambler Bob

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.


57 posted on 08/11/2020 10:01:39 AM PDT by Dilbert San Diego
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To: I want the USA back
His goal is to put everyone else out of business.

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?

58 posted on 08/11/2020 10:08:45 AM PDT by USS Alaska
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To: Salman

Stuff I buy on Amazon comes from mom and pop type businesses. It’s not like Amazon manufactures everything.


59 posted on 08/11/2020 10:24:55 AM PDT by Old Yeller (Systemic liberalism is the problem.)
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To: Scrambler Bob

Only a matter of time before the Amazon sjws get too big for their britches.


60 posted on 08/11/2020 10:25:33 AM PDT by Wilderness Conservative (Nature is the ultimate conservative)
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