November 8, 2016

Amazon is taking retail by storm

Amazon is killing the industry. Amazon's retail sales in the U.S. are expanding at a $10 billion annual rate. The company's retail efforts are a public service. It makes little or no money on them and with Amazon Web Services it will never need to do so. 

It is now even hurting the auto parts industry. 

CEO Jeff Bezos is constructing 30 distribution centers in the U.S. At the peak of its growth, Walmart added one such center every two years. Near term, the AMZN threat will only get worse. It is now the nation's leading apparel merchant. Few would ever have predicted this. There may be nothing it will not sell.

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