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America’s Retailers Are Closing Stores Faster Than Ever

https://www.bloomberg.com/news/articles/2017-04-07/stores-are-closing-at-a-record-pace-as-amazon-che...

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Re: America’s Retailers Are Closing Stores Faster Than Ever

I never really saw anything at HHGregg to differentiate it from Best Buy, in fact the few times I visited one of their stores - I never actually bought anything there - their inventory seemed to be inferior to Best Buy's. Probably should stop by tomorrow or next weekend, though, and see when they're going to start offering their closeout deals; I could use a new laptop. What's interesting is that Amazon is apparently starting up a massive push into this very same brick-and-mortar market; by the reports, they're aggressively hiring laid-off Wal-Mart personnel in Arkansas (where they're setting up a major regional center) and are planning to start opening physical bookstores. I wonder what that'll mean for the Amazon Store Card and Prime Card from Synchrony, which so far have been online-only.

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Re: America’s Retailers Are Closing Stores Faster Than Ever

[ Edited ]

joe8185 wrote:

I never really saw anything at HHGregg to differentiate it from Best Buy, in fact the few times I visited one of their stores - I never actually bought anything there - their inventory seemed to be inferior to Best Buy's. Probably should stop by tomorrow or next weekend, though, and see when they're going to start offering their closeout deals; I could use a new laptop. What's interesting is that Amazon is apparently starting up a massive push into this very same brick-and-mortar market; by the reports, they're aggressively hiring laid-off Wal-Mart personnel in Arkansas (where they're setting up a major regional center) and are planning to start opening physical bookstores. I wonder what that'll mean for the Amazon Store Card and Prime Card from Synchrony, which so far have been online-only.


That's a nice move for Amazon.

 

Not every kind of retail can happen online, by entering B&M they penetrate into these areas.

 

At the same time it almost seems that they've convinced all the B&M stores that online is the ONLY future so the legacy B&Ms (the likes of WMT) is now pouring huge amount of $ into likely futile competition with Amazon's strongest arm rather than strengthen their B&M advantages to fend off the latter's new B&M movement.

 

I'd hazard a guess that Cards will likely be accepted in both type of stores?

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