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Retail is far from dead with just about every retailer reporting record sales and consumer confidence remaining high. Amazon has plenty marketshare to take, whe
by manigandham 7y ago
Retail is far from dead with just about every retailer reporting record sales and consumer confidence remaining high. Amazon has plenty marketshare to take, whether as a monolithic organization or several independent companies.
- nine_k 7y agoRetail as a business is fine. Amazon's retail may be slowly dying, overcome with fakes, razor-thin margins, dwindling faith of buyers, and a looming anti-trust investigation. The retail department is at some risk of downsizing back to mostly books. It would be wise for them to concentrate on stuff that goes well: AWS, Alexa.
- manigandham 7y agoDownsizing back to books? That goes against every available metric. Amazon retail is growing like crazy. They have more retail channels opening up beyond the main ecommerce store and they're investing 1.5B for 1-day delivery (while trivially putting Fedex on death watch as a side effect). The only serious competition they have is Walmart which has hit on groceries as a magic bullet, and Target. Fakes are not as big of a problem as HN makes it seem. Margins only help Amazon beat its competitors. And there's nothing antitrust can do since there's no monopoly on retail outlets, people want to shop there by choice.