Retail stores are closing in America

Most of us know that a lot retail stores have problems. The e-commerce website are totally breaking the stores unless they are part of the online strategy. If not they are at the mercy of the market, which in all fairness is controlled by Amazon.

When the logistics work seamlessly with an online store you’ve got a killer business like Amazon. You don’t believe me? Check this out

Yes, we are 5 years further but the marketshare has not been diminished for Amazon, actually it has been increased. Tech Titan Chamath Palihapitiya went all in on Amazon and trust me, he knows what he is talking about.

To go more in-depth on Amazon

This chart shows you the sales of amazon services and products. Especially Amazon AWS is crushing it. But that is a story for another time. So where are rest of the competitors, they are closing their stores.

Most people have trouble adjusting to the speed of Amazon and their margins, their entire business model in fact. Then again most people follow the crowd. Stanley Druckenmiller knows exactly what Jeff Bezos is doing.

Please accept YouTube cookies to play this video. By accepting you will be accessing content from YouTube, a service provided by an external third party.

YouTube privacy policy

If you accept this notice, your choice will be saved and the page will refresh.