Full article Wednesday April 10 from CNBC Amazon exec tells employees that Go stores will start accepting cash to address ‘discrimination’ concerns PUBLISHED 4 HOURS AGO UPDATED 39 MIN AGO Eugene Kim@EUGENEKIM222 KEY POINTS Amazon’s Steve Kessel, who runs physical stores, said last month that the company plans to add “additional payment mechanisms” to its Go stores. A spokesperson… Read More »
It was not the market dynamics that took these companies under, it was the fact that their owners took on so much debt that it positioned them to only be successful if all the market dynamics went their way. They decided to purchase a Formula One race car and forgot they have to dodge potholes on I-94 in Chicago to and from work. And when they fail the world wonders and laments the loss of these retailers and make it sound like this is an overall retail issue. It’s not.
Judging from the usual apocalytic headlines it is pretty easy to assume Retail has been officially terminated by a mobile phone and Amazon. If you look at the numbers for retail it shows a $5 Trillion market is growing at 5.4% year to year. But this is bad news?