His goal is to put everyone else out of business.
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.
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................
Well make sure the social justice rioting crowd knows what to loot and burn then!
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.
Amazon will soneday be getting the same treatment the police are getting now. What goes around comes around.
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.
Will these revamped stores be prime looting targets?
“I owe my soul to the company store....”
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.
Woolworth was upended by Kmart, Kmart was upended by Walmart, Amazon is upending Walmart... I wonder who or what will enentually upend Amazon.
Stuff I buy on Amazon comes from mom and pop type businesses. It’s not like Amazon manufactures everything.
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.