Amazon getting even bigger?

Amazon and bankrupt J.C. Penney are reportedly in talks over some type of deal, according to Women's Wear Daily.

”There is an Amazon team in Plano as we speak,” said one source according to WWD referring to the Texas city where J.C. Penney headquarters. “There is a dialogue and I’m told it has a lot to do with Amazon eager to expand its apparel business" the article detailed.

[www.foxbusiness.com]

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My name is DP, and I approve this message.

One thing to note, Walmart still dwarfs Amazon.

.....not good.....Amazon is getting way to big.....for its britches.....

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I reject your reality and substitute my own!

And Walmart is not? Last I checked (and the data may be a couple years old) Walmart accounts for 15% of all retail dollars spent in the United States, Amazon 5%.



Edited 1 time(s). Last edit at 05/19/2020 08:06AM by Carnos Jax.

.....Walmart is but Amazon is doing it on another level.....Walmart has tried to expand to other areas but has not been that successful......Amazon has the capability to take over not just retail sales....but other avenues....they challenge Netflix, etc. for streaming......they bought Whole Foods, so b&m food stores.......

....they can now expand to b&m department stores......??

....they already drove b&m book stores to be extinct and then after they did it......they opened their own b&m book stores......I'm more scared of Amazon.....than Walmart.....

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I reject your reality and substitute my own!

Yeah, Amazon sales are now over half those of Walmart, which is something, considering a lot of Walmart sales are groceries.

I won’t get into market cap; that’s just nutty.

Newt, I believe all the types of stores and spending you’re talking about is considered retail. I’d be curious what the current total retail percentages are for Walmart and Amazon, doesn’t seem to be too easy to find. Though I’m pretty sure Walmart is still significantly bigger than Amazon. And until we start addressing Walmart as well, there’s not much point about worrying that Amazon is too big.

Walmart pretty much decimated a lot of small town retail stores. This was well before Amazon showed up on the scene. If anything Amazon is just the newest up and comer that might challenge Walmart. And as long as Walmart has a virtual local monopoly, I’d welcome someone else to challenge them in the local space. Though it can be argued that many midsize towns and bigger still have plenty of other choices like Target, Kroger, etc.



Edited 1 time(s). Last edit at 05/19/2020 09:43AM by Carnos Jax.

They are both predatory.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

Walmart destroyed the US economy by being as Capitalist as they could. I can't fault them for it, but I don't like it.

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MacResource User Map: [www.zeemaps.com]#

I’m not crazy about either of them, they have too much power. That may sound contradictory since my business is almost (but not quite) entirely dependent on Amazon. The better they do, the better I do. Still not crazy about it though. It seems we as consumers in general don’t seem to realize the value of smaller retailers and the benefits they can bring. In part we are responsible for what Walmart and Amazon has become

....I think Amazon is more dominant that Walmart for most things.......their are loads of Amazon packages in my building every day......not so much for Walmart......people tend to buy from Amazon for convenience despite the fact that they don't always have the cheapest price......

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I reject your reality and substitute my own!

You’re only comparing Walmarts online division to Amazon. Of course Amazon is much bigger in that regard. But when you take the sum of the total, Walmart is much bigger. You’re not seeing all the Walmart plastic bags of goods being taken into those same residences.

In regards to people buying on Amazon for convenience, I agree. However that happens to a much greater extent at Walmart. Walmart is not always the cheapest, yet most people assume they will be or they prefer the convenience of just going to one store to get everything. Same as Amazon.



Edited 1 time(s). Last edit at 05/19/2020 10:31AM by Carnos Jax.

And so it begins.

Here's a report that says that Amazon sales are 2.3% of total consumer spending and 6.8% of total consumer retail sales while Walmart sales are 2.7% of total consumer spending and 8.9% of total consumer retail sales.

A huge difference is Amazon having 49.4% of eCommerce sales while Walmart has 4.6% of eCommerce sales.

[www.pymnts.com]

If we had a REAL President like Theodore Roosevelt, he'd break both of them up!

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San Antonio, TX (in the old city)


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