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 ...
Exactly. It is sad that so many FReepers cannot understand capitalism properly to trust the market to evolve.
Some of the attitudes expressed in this thread feed directly into the marxist playbook.
Amazon is already using our Kohl’s stores as merchandise return sites. They are happy for the business and even gave my wife $10 to spend for returning stuff.
I knew this woiuld be his next move.
I told hubby, months ago.
Empty malls = Amazon distribution opportunity.
He creeps me out, and I can’t stand what Bezos stands for, personally, but the guy is a biz genius.
More like 妈妈和爸爸
(Māmā hé bàba)
Do they still?
No catalogue sales since 1968 and in- store sales since 1984...as near as I can tell.
Not necessarily. If the goods aren’t presented in appealing, easy to find displays, it takes to much work to read labels. ;-P
At one time the Sears catalog occupied every home, it was called a wish book, now a web page serves that purpose, only much better. Fact is I find things on YouTube and Amazon that I didn't know existed, things I have needed and could be found nowhere else. Life goes on.
Fifty or sixty years ago a trip to a Sears Super Center was a delight, a chance to see things you didn't know existed because you lived in a small mom and pop era. TV began to create demand the only thing missing was the ability to get your hands on those things. The Sears catalog met those needs for years then they decided not to publish it so Bezos just built a web page, the rest is history, until the next chapter is written. Personally I am waiting for a replicator and holo-deck.
The ONLY thing I go to the store for now is groceries!! EVERYTHING else and I mean EVERYTHING comes from Amazon there is NOT ONE thing I can’t find there and it is at my door if not the next day the day after!! Simply AMAZING, I hate Bezos but Amazon is an amazing company it really is!!
We had a HUGE Levitz furniture place that sat there empty for 20 + years it was so HUGE that it just wasn’t something anybody else could use, Amazon swooped in and it was up and running in 2 weeks!! I have NEVER seen anything in CA. get up and running so fast!!
The certainly aren't performing as well as they were pre-Covid but 2 weeks is a little out of range of my experience. I still get my stuff in 3 to 4 days max, unless it is not a product Amazon actually ships. Sometimes Amazon will warn me of a delayed shipping time if what I ordered is not in one of their shipping centers. The fact that they can know all of this before you click the place order button is amazing to me.
No, I gift things from Amazon to friends and relatives often and I pay the tax even though the state I live in has no sales tax.
Some of them have become nothing more than a giant garage sale location.
The customer pays it Amazon collects it.
Marxism.
Not that I want to retire, my health is failing and I've far, far more years in my rear view mirror than I do ahead of me. Not complaining, just doing what I have to in order to make it financially for a few years before filing for social security and having enough money to get there.
I just hope I remember! LOL!!
Me too and I have been retired 20 years already. I have a chest full of stents but they are holding up great. I never planned or imagined I would live to 82 yet here I am. I have diabetes but keep it under control with Keto well dirty kept anyway. Steak and hamburger got way out of the three meal a day price range that kept requires. Carbs are cheap fat and protein not so much. Well fat can be reasonable if that is all you get.
We begin to lose words and names pretty quick so I have been depending on my wife but she is getting old too so we depend on internet searches to help us out. Amazon plays a big part in our life since we live a 20 minute drive from nearest town. Have to replace HVAC second time since we have lived here, hope this is the last one for 20 years or so.(Being optimistic aren't I)
Good luck on your retirement and plan and do what is best for you, the rest of the cr@p going on around us is just noise, learn to tune it out. Don't watch news, be selective even here and don't let all the things you can't control get to you, let the kids worry about it, they created this mess.
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