anecdotes are great, but why don't you search for the numbers of brick and motor retail sales vs online sales?
anecdotes are great, but why don't you search for the numbers of brick and motor retail sales vs online sales?
Retail isn’t growing, but it still accounts for 80-90% of sales in almost every industry. Online sales will probably overtake brick and mortar… in 5 to 10 years—in the US.
Amazon is big, but only really in he US. And only certain verticals. And only typically among affluent urban households.
That’s why their stock has always been so high. Amazon has, and still has, massive growth potential. When you get everything from Amazon you assume everyone else does. But the reality is that you (and I) are an extreme minority.
You forget how many people pay cash in the US. And how many people international have shit or extremely poor/expensive mail service. And how >3 billion or so people live in countries with import tariffs that are 40% or more. And while internet access is prevalent, buying everyday items online is not. It’s really easy to lose sight of how the vast majority live when you live in an urban area and work at a technically progressive company.
See also just this year their recall of eclipse glasses.
After four tries to get name brand and working batteries for my car remote on Amazon, I gave up and purchased them at a local hardware store. It wasn't as convenient as Amazon, but it was a lot more convenient than Amazon allowing scum to sell repackaged no-name crap instead of the particular batteries I needed over and over again...
We needed a refrigerator water filter a month back. So I head to amazon and look at different products available, including cheaper. Didnt like the reviews for the 3rd party and went the samsung filter. And I see what they offer is retail price.
I read the reviews and I see a trend on the comments "counterfeit", "counterfeit", and "not real product". And that was from Amazon, on a verified product's line.
So I went to Lowes. They had them in stock for the same price. Except with 0 chance of counterfeit.
I'm sure this is helps Amazon with logistics, but it also makes it difficult to catch counterfeit goods.
It's made me pretty leery of ordering anything from Amazon.
Is there something wrong with the AmazonBasics brand? I’ve never had problems with them.
These days I'll absolutely check elsewhere before making a purchase, and I'll pay a bit of a premium to either buy from a different store or to get items shipped from the seller instead of from Amazon.
Sounds about right.
For the rest of the world Amazon is at best a bookstore that is actually just a middlemen for other online retailers. This doesn't even register in any real estate decision.
Its like everyone not Bezos chose to completely ignore the internet.
I can only imagine Bezos had to leave the room during negotiations because he was laughing too hard.
There is a reason why most people get a touch and feel of things at places like Target and then buy it online.
In India where large retailers like Target are absent and people have no way of getting the 'look and feel', the trend is its getting very hard to sell things, unless you throw impossible discounts at customers.
That's what Borders upper management said in the mid-90s and at the company's peak, and they were wrong. Showrooming didn't make people buy elsewhere when Amazon had the lower price, either.
You’re describing why online will badly damage NYC retail, which is the context of this conversation.
Why do I need to search for numbers comparing brick and mortar vs online? Of course online retail is growing faster than brick and mortar but the topic here is New York City which is an outlier. NYC is a shopping destination for US, international and tri-state area tourists.
People come to NYC specifically so they can shop along the retail corridors of Broadway in Midtown, Soho, Nolita and the Meat Packing Districts, The Flatiron and many others. It's seen as an experience since you can walk, shop and see landmarks like Rockefeller Center, The Empire State building, Grand Central while you do so.
https://therealdeal.com/wp-content/uploads/2017/04/Manhattan...