Amazon to open Brick and Mortar Department Stores

[fandandy 3,313]

https://www.zerohedge.com/technology/amazon-plans-open-department-stores-california-ohio

Quote

After years of beating brick-and-mortar retailers black and blue, Amazon is ready to try and beat Macy's, Target, and Wal-Mart at their own game.

According to WSJ, Amazon is reportedly planning to delve into the department store game by opening a flurry of 30,000-square-foot facilities, starting in "test" markets like Ohio and California.

While the plans aren't yet final, the Amazon-branded department stores will feature mostly Amazon-branded goods ranging from clothing to electronics to other household items.

Since buying Whole Foods and launching a smattering of "Amazon Go" convenience stores, Amazon's retail push has focused mostly on food. The 30,000-square-foot stores will essentially function like mini-department stores (department stores in the US are typically around 100,000-square-feet). The scaled-down format is similar to new stores being opened by Bloomingdale's and Nordstrom.

The decision comes as Amazon, which has helped to kill off the American mall, seeks to eat their lunch. Amazon recently became the largest retailer of clothing in the US, surpassing Wal-Mart, according to Wells Fargo.

While Neiman Marcus, Lord & Taylor, JC Penney, and Stage Stores all filed for bankruptcy last year, analysts expect discount-focused chains like Macy's and Kohl's to report strong earnings this quarter.

“People are absolutely returning and shopping in department stores,” John Idol, the chief executive of the Michael Kors parent Capri Holdings Ltd. told analysts on a conference call last month.

Amazon expects physical stores will help it sell even more clothing, which is tricky to buy online because of concerns about size and fit. Also, the only type of commerce offering more "instant gratification" than shopping online is...shopping in person. AMZN executives (who now answer to CEO Andy Jassy) believe bricks-and-mortar shopping "would enable better engagement with customers and provide a showcase for its devices and other products."

Amazon opened its first physical store - a bookstore in Seattle - in 2015, and has been known for experimenting with cashier-less technology.

News of Amazon's entry into the department store space weighed on shares of Kohl's and other department store stocks in premarket trade on Thursday.

 

[Utilit99 4,099]

How would bozos handle having his stores ransacked by a bunch of violent liberals stealing from it and trying to burn it down?

Would he start yelling out the windows, "I'm on your side!!!"?

[MDC 7,223]

Run brick and mortal stores out of business, then open your own brick and mortar stores.

Well played, Amazon. 

[wiffleball 4,789]

I mean, unless you're into masonry, how many people are really going to buy brick and mortar? They're really big market for that? And the shipping must be hella expensive.

 

I think Home Depot has a better idea. Sure, they sell bricks-and-mortar. But a lot of other stuff too. These Amazon guys seem kind of dumb.

[Utilit99 4,099]

5 minutes ago, wiffleball said:

I mean, unless you're into masonry, how many people are really going to buy brick and mortar? They're really big market for that? And the shipping must be hella expensive.

 

I think Home Depot has a better idea. Sure, they sell bricks-and-mortar. But a lot of other stuff too. These Amazon guys seem kind of dumb.

There's one demographic in this country who loves themselves some brick and morter stores.

Bla lives madda yo. 

[MTSkiBum 1,620]

37 minutes ago, wiffleball said:

I mean, unless you're into masonry, how many people are really going to buy brick and mortar? They're really big market for that? And the shipping must be hella expensive.

 

I think Home Depot has a better idea. Sure, they sell bricks-and-mortar. But a lot of other stuff too. These Amazon guys seem kind of dumb.

5/10

[titans&bucs&bearsohmy! 2,745]

2 hours ago, Utilit99 said:

How would bozos handle having his stores ransacked by a bunch of violent liberals stealing from it and trying to burn it down?

Would he start yelling out the windows, "I'm on your side!!!"?

I'm gonna go out on a limb and guess that these stores, much like their whole foods stores, won't be located anywhere near black parts of town. 

[avoiding injuries 1,545]

3 hours ago, MTSkiBum said:

5/10

2, tops

[wiffleball 4,789]

3 hours ago, MTSkiBum said:

5/10

 

come on, I thought the shipping cost line could get me past the first round. 

[KSB2424 3,148]

4 hours ago, MDC said:

Run brick and mortal stores out of business, then open your own brick and mortar stores.

Well played, Amazon. 

[TBayXXXVII 2,500]

16 hours ago, Utilit99 said:

How would bozos handle having his stores ransacked by a bunch of violent liberals stealing from it and trying to burn it down?

Would he start yelling out the windows, "I'm on your side!!!"?

He won't put them in urban areas.  He'll start out in the 'burbs.

[wiffleball 4,789]

14 hours ago, avoiding injuries said:

 tops!!

Yay!!