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> "Amazon doesn’t have to seduce customers with a deal because they’re going to buy anyway.” If Amazon are so comfortable they don't need to price compete, whe
by conjectures 10y ago
> "Amazon doesn’t have to seduce customers with a deal because they’re going to buy anyway.”
If Amazon are so comfortable they don't need to price compete, when can we expect another online department store to get big?
I'm not loyal, my £ will go to whoever sells textbooks and bike gear cheapest.
- adventured 10y agoIf Amazon relaxes on pricing, most likely Walmart, Target, BestBuy and similar large retailers will benefit first and foremost. The cost to build out a large selection online retailer is so vast, and the profit margin so mediocre, we're unlikely to see another Amazon-like company in the next 20 years. Amazon's survival was practically a fluke to begin with, the dotcom bubble and the capital it afforded them was the only reason they made it out alive and were able to scale as they did to get out in front of old-line competitors. Had the bubble ended maybe just six months earlier, Amazon goes bankrupt.