Plot twist: Amazon’s future may soon be tied to brick & mortar

Pedestrians walk past the Amazon Go store in Seattle, Washington, U.S., on Wednesday, Jan. 17, 2018. / Photographer: Mike Kane with Bloomberg / Forbes

 

By Steve Dennis | Forbes

It’s hard to underestimate the success and increasing power of Amazon. Their market cap hovers just under $1 trillion. Their growth rates have been astounding. By most estimates Amazon now accounts for nearly 50% of all US e-commerce revenues, roughly 5% of all retail and is significantly bigger than their next 10 competitors combined. One study has some 55% of all online product searches starting at Amazon.

This week a report that Amazon is considering opening up to 3,000 of their Amazon Go cashier less convenience stores by 2021 grabbed a lot of attention, despite their only having opened up a fourth location a few days ago. Advocates enthusiastically tout the concept’s potential ability to revolutionize shopping. Skeptics challenge the high capital cost, the reliability of the underlying technology and whether the stores really offer enough added value to take on well established players like 7-Eleven. I think both miss the larger point.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
September 2018
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930