There used to be a time, pre-Amazon, when the US stock market was guided by the retail sector. It was exciting and invigorating. After all, we were betting on pure hedonism, swaths of overweight Americans heading out to their local shopping malls, Starbucks beverage in tow, to express their God given rights of consumerism. However, over the past decade, the black hole known as Amazon, coupled with the aging of our society and theft of the healthcare industry, that trade is all but dead.
It’s demoralizing, really.
I’m sure we can still figure out ways to make money in tech stocks and there will always be healthcare names worth pursuing. But the thought of our shopping malls becoming nothing more than vacant lots or storage facilities for Amazon, begs the question: what the fuck are we doing as a society?
The week that just past was littered with blow-outs in the retail sector, spearheaded by M, DDS, JWN and JCP.
On average, department stores dropped by 10% and apparel by 5%.
Over the past two years, the time in which Jeff Bezos quickened his ascendency to become the world’s wealthiest man, the department store industry is down a staggering 61%
If you enjoy the content at iBankCoin, please follow us on Twitter
The retail that is blowing up is all shit, however. And when you go to Nordstrom and jeans are now $200 and shirts are 100 plus, they can go fuck themselves
LOL
Embrace the change (or horror extra Krull).
So in summary, a company disrupted an industry by drastically improving consumer experience and convenience, and someone else completely missed the AMZN boat in favor of treasuries and Trump trade scalps.
Sorry for those who were left holding a bag of DKS today
10-yr Amazon sales https://www.statista.com/statistics/273963/quarterly-revenue-of-amazoncom/
vs
10-yr chain-store sales: http://www.tradingeconomics.com/united-states/chain-store-sales
An ugly picture for the chain stores.
They actually have been trending down since 2000. Partly Amazon, but probably also partly demographic. Labor force participation rate is in the same down trend as chain store sales. http://www.tradingeconomics.com/united-states/labor-force-participation-rate
Department stores and USA health care suffer from the same
affliction. Huge buildings, overpaid executives, high prices
creating a 40% needless load on the systems.
Amazon and Medicare (single payer) cut out all the bullshit
and save the customers 40%. Medicare and Amazon for all.
Get the fuck out of here with that horseshit. Globalization(jobs gone) and Crony Markets thru rigged Endowments State Pension Funds Sov Wealth Funds and every other pooled Satan backed group which created Amazon. You want a serf world keep smoking that cock. We just need Single Payer for everything. Wake up.
Got my first iBC popup add. Are times really that tuff?
Here at iBC I regularly get pop-up browser hijack to another page on PC and Android. It can be easily dealt with, but it’s an annoyance.
If we think AMZN is bad, just wait until the automation trend really starts to kick in over the next decade.
Robots are a con. Look dude. Go in any wealthy area and buy groceries. They got 50 employees for every 5 in the ghetto called America. See. The rich do not except “automation”. Only the lowly serfs do.
Automation is most certainly not a con. The wealthy were insulated from the globalization trend that started 2 decades ago as well but the middle class has suffered greatly from it. If you think that a robot which can do the job of a human that requires no health care, retirement, vacation days, education or cost of living allowances will not out compete an individual then you will be in for a rude awakening.
Lol you are not allowed in there ironbird. Don’t act like you know.
Soon there will be a robot that can translate ironbirds ramblings on the internet.
Anyone inclined to comment on why shipping, delivery and transport companies are not famously riding the Amazon wave? I’m not expecting the 50 pound lawn mower I bought from Amazon to be drone delivered anytime soon.
Re the popups. Weird that I haven’t experienced until now. Sure easily dealt with but low brow and trashy. Also I’m pretty sure 50 lbs is light for a mower?
heckler- I’m not seeing an advertising pop-up. I’m seeing a poor attempt at ransom
also the mower is electric. We’ll see how it works out…
Mine was a bitch. The battery ended up being a pure freaking turd. I thought it would be convenient to not worry about grabbing gas, until it took 2 charges to knock out a laughable .2 acre lot….. When we moved to a house with a .5 acres, I decided it’s more convenient to pay somebody $150 a month to deal with it. It’s not out of being lazy. I’m just trading $ for time at this point. Don’t feel like spending 2.5 hours a week taking care of a lawn, pool, and wife’s stupid fucking plants.
That’s a great question. The only thing I can think of is that Bezos sold his soul to Satan.
Just think when we can have AI pick stocks for us, learning from the smartest traders on the planet. Eventually it will be machine vs machine here onIBC, and we’ll all be off on our sailboats in the South Seas or castle in Romania.
Amzn is the best. The minute I see these stupid luxury brands and their rip off pricing disapear the better off humanity will be.
high end dollar stores are the future. see dollarama in canada. phenomenal business model. quality control and higher margins.
aliexpress must be doing great. how the post offices allow this….
I live in a wealthy area and do all my shopping at Goodwill now. I can get pristine, top-brand clothing for $3-6 a piece, at basically a 90% discount. My wife, who used to waste money buying $150 jeans from JWN, has now gotten on board and does all of her shopping at Goodwill. Paying full-price for shit apparel is for moronic suckers, or people who have more cash than they know what to do with.