What's even worse is that once Amazon collects enough data they'll be able to compete more effectively with these retailers and eventually kill them.
And as you point out, any time Amazon strikes up a "partnership" with outside parties, its ultimate goal is to conquer or cannibalize them.
Businesses should approach partnerships with Amazon with the same level of skepticism/trepidation as Native Americans signing a treaty with the U.S. government 150-200 years ago.