Bald business tycoon and possible alien Jeff Bezos has slayed yet another mom and pop store on his quest for world domination – driving America’s oldest brick & mortar hardware store, Elwood Adams, into the abyss.
Established in 1782, the Worcester, Massachusetts store survived the Great Depression, both world wars, and fierce competition from the likes of Sears, Wal Mart and ACE Hardware – only to be bested by the internet.
“I think Amazon or the larger big-box stores have probably just been too much to compete against,” Worcester city manager Ed Augustus told CBS.
For many brick and mortars suffering similarly, it’s time to adapt or die. Many a horse n’ buggy-supply store undoubtedly met a similar fate when Henry Ford started selling automobiles on every corner. A century later, Kodak refused to go digital while Canon and Nikon and Sony drank their milkshake, and Blockbuster fell to cheaper and more convenient Dropbox and Netflix.
That said, with Amazon’s entry into freight, delivery and manufacturing with their ‘Amazon Basics‘ brand, one has to wonder how mom & pop can compete with a monopoly that controls its entire supply chain.
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Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017