Should Amazon be worried???
Overall, retail sales were 0.4% higher. Clearly, thereâs a shift happening between which retailers are getting those dollars. Walmart is huge with amazing purchasing power with vendors. Itâs the last mile logistics that theyâll have to perfect. Amazon is going away from traditional carriers more and more. Itâll allow for differentiation of offering.
I donât know much about retail. Off the cuff, perhaps, the target market is different. May be Wal-Mart market is lower income and cash buyers? Just pure speculation, no evidence.
The flip side of fewer brick and mortarsâŚ
Someone forgot to tell Best Buy whoâs up 21% on earnings beat.
Redeveloping the land could help the housing shortage which is now a nationwide problem.
Yeah, I suppose we will see some retail shrinkage in even shopping districts like Union Square. Sure, hotels and tourists may still keep some of it afloat but a lot of it might not survive. To me, it never made sense to have a separate Macyâs menâs store. Womenâs, yes, since hey women do shop quite a bit. Oh well, more condo hell for us. It already is pretty funny (or sad actually) to see old movie theater buildings converted to housing. Yes, fire stations tooâŚ
US retail sales were $4.785T last year. Amazonâs retail sales were <$100B. Amazon is 2% of retail sales, and ecommerce is still only 7% of the total⌠Thereâs something else at play besides Amazon taking market share. We have way too much retail square footage in this country. Thereâs no way for retailers to be profitable with their fixed cost structure. All that retail square footage is expensive, and they have to pay employees to staff it. Most retailers over expanded, and now they have to scale back to an affordable foot print.
Exactly. Not enough traffic. Too many retailers. Canât these guys think of other business ventures? Also, need to move with time. For example, instead of just selling buns, do like 85 degree. Add some services to the boring selling. Instead of just selling clothes, ⌠any1 seen any successful physical store clothes retailer?
I think women are starting to shop like menâŚMen hate shoppingâŚWomen shop and spend the moneyâŚIf women start shopping like men, then retail is screwedâŚWomen are working more and have less time to shop, plus branding doesnât sway consumers like it used to, the cheaper the better these daysâŚand work place clothing is much less formal and much cheaperâŚ
Silicon Valley destroyed retail. Workers in Silicon Valley work all day and do not shop much. If they do shopping, most likely online.
Silicon Valley destroyed many industries and destroyed many innocent peopleâs life. If AI is mastered by Silicon Valley, humanity will be at risk
Do we need that many humans to be sustainable and for diversification? 2000 years ago, only have a couple of hundred of millions.