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Stores are closing at an epic pace (the 'Amazon Effect')

Smallcock

Active member
Jun 5, 2009
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http://money.cnn.com/2017/04/22/news/credit-suisse-retail/

This week it was Bebe. Last month it was Staples. In February it was JCPenney.

Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than ever.

Brokerage firm Credit Suisse said in a research report released earlier this month that it's possible more than 8,600 brick-and-mortar stores will close their doors in 2017.

For comparison, the report says 2,056 stores closed down in 2016 and 5,077 were shuttered in 2015. The worst year on record is 2008, when 6,163 stores shut down.
"Barely a quarter into 2017, year-to-date retail store closings have already surpassed those of 2008," the report says.

If stores do close at the rate Credit Suisse is projecting, it could mean America will lose more than 147 million square feet of retail space this year.

Physical store fronts have been eclipsed by ecommerce masters like Amazon. The toll it's taken can be seen in emptying malls and shopping centers across the country.

Among the casualties announced so far this year: Bebe said it's closing all of its retails spaces, JCPenney (JCP) announced plans to shutter 138 stores by July, Payless ShoeSource is closing hundreds of stores, and Macy's (M) said it's shutting down 68 locations.

And onetime retail powerhouse Sears -- which also owns Kmart -- said in March that the company has "substantial doubt" that it can survive.
 

Occasionally

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May 22, 2011
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Funny how so many people out there (especially small business owners) hate all the big box stores..... "Help us, they are coming to town and stealing all my customers"...... "We don't want Home Depot, because we prefer a small town feel with Uncle Joe's Hardware Store"

Amazon is huge, everyone uses it, they concentrate HQ and distribution centres (jobs) into a small number of locations in the US while a big box store will probably hire 100+ people per store in that town.....

...... yet some reason nobody makes a stink that Amazon is doing great.
 

buttman*

Member
Sep 28, 2007
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What I don't understand is that Amazon is not even a good deal in most cases. I have no financial incentive to use amazon
 

Occasionally

Active member
May 22, 2011
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What I don't understand is that Amazon is not even a good deal in most cases. I have no financial incentive to use amazon
I don't find their prices that great either. Now if this was 10 years ago, no doubt it was better.

But it's Amazon's selection which is good. Even though it pales in comparison to the US site, if I want to find a certain movie or book (yeah, I'm old school and still buy them), Amazon probably has it. Chapters might have the book, but for some older stuff I want, Best Buy or Walmart won't carry it anymore.

It's also easy to flip through different products, while most other sites are crap.

One thing that no other site has ever matched is their search engine. Amazon somehow knows what you want even if you misspell it. Some other search engines (Chapters/Indigo and the old Future Shop were the worst), you had to spell it perfect. If you wrote it wrong, you'd get zero search results as it was looking for exact words too accurately.
 

rhuarc29

Well-known member
Apr 15, 2009
9,590
1,193
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Yes, well, the world evolves. First the big retailers put the small retailers out of business, now Amazon is taking them out.

I only do grocery and some clothing shopping in-person. Any other small purchases I generally get through Amazon. It's cheaper, and usually arrives in a few days.
 

fuji

Banned
Jan 31, 2005
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so people prefer to wait for weeks to get products you buy online mailed to them?
You haven't shopped online recently have you? Most online retailers have two day delivery in the US. Amazon has same day delivery for some items if you pay extra.
 

TheBuyer

Banned
Aug 22, 2013
264
0
0
I was just saying this to my co-workers last week!
EVERY THING I WANT TO BUY LATELY I HAVE TO GET FROM AMAZON!!!
All of a sudden, nothing is available in this country! I was just telling them how much I hate it!
 

malata

RockStar
Jan 16, 2004
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Paradise by the dashboard light.
You haven't shopped online recently have you? Most online retailers have two day delivery in the US. Amazon has same day delivery for some items if you pay extra.
...and in most cases it's free delivery.
 

lenny2

Well-known member
Jan 18, 2012
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729
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...and in most cases it's free delivery.
Buying $35 of products sold by "Amazon" gets free delivery. Not long ago it was less, maybe $25, if i recall.

IME delivery is often from 2 to 7 days, depending on whether it's sent locally or from across the country. Products bought through the Amazon site from other companies can take as much as a month or two to arrive (e.g. from China, Singapore, etc).

Amazon & Ebay prices for DVD's are often much better than at stores like Best Buy, Wallmart, etc.

If you want to try on shoes before you buy & get customer service in person, then online shopping is out of the equation. At the Hudson's Bay store recently i was surprised that there were more clerks than customers in the shoe department. Service was immediate & excellent. For once even the elevators worked. Many shoes were being advertised at 30-50% off.

Likewise for other clothing items one may want to try on or check out before buying, e.g. jackets, pants, etc

I don't want to buy online & then have to return a product.

It can be very convenient to buy online & have delivery to one's doorstep or an outlet w/i minutes of one's residence than spend much more time while travelling much larger distances.
 

drstrangelove

Well-known member
Mar 26, 2004
1,162
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I recently bought an item, available at a local pharmacy at about $75. Bought a very similar product through Amazon at about $35. Wasn't in a rush for it so didn't mind waiting the day or two to receive it.
 

james t kirk

Well-known member
Aug 17, 2001
23,932
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I never buy anything from Amazon unless I have absolutely no choice, which is very rare.

Amazon does NOTHING to support our local community.

All the Social Justice Warriors seem to love to boycott Walmart because it's the thing to do, yet ironically, many support Amazon with their purchasing dollars.

Why?

At least Walmart has physical stores that employ people in the community. Amazon has no such thing. Just warehouses scattered around the rural USA. (Do they even have a warehouse in Canada?)

Reasons not to shop at Amazon

1. Amazon are very nasty to their employees. There have been more and more articles written about Amazon employees being worked to death in hot house warehouses, in nasty environments, with low wages and exploited into working insane hours.

2. Amazon does not contribute to the local economy.

3. Physical stores require more support than Amazon and thus result in much larger spin-off employment and industry.

4. People think Walmart is bad because they move into a town and kill the smaller business and decimate downtown areas. Now imagine what it would be like if not only the small businesses were destroyed, but the bigger stores too. Like it or not, physical merchants generate local employment both directly and indirectly.

5. Imagine what our streets will be like if all the shops and stores disappear because everyone simply starts ordering from Amazon. That would make for a pretty dreary city. Imagine Queen Street in Toronto all boarded up because of online shopping competition. Won't happen you say? Think again, it's already happening. A lot of smaller shops on Queen West have closed their doors because of online competition.


In addition to all that, I like seeing and holding something before I buy it. I want to feel the physicality of what I'm buying and make my determination on whether to buy or not to buy. In addition, I walk home with it right there and then.
 

lenny2

Well-known member
Jan 18, 2012
3,574
729
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At least Walmart has physical stores that employ people in the community. Amazon has no such thing. Just warehouses scattered around the rural USA. (Do they even have a warehouse in Canada?)
Almost all of my Amazon.ca orders can be tracked through Canada post. According to the tracking, the products seldom come from the USA. Almost always from Canada. Warehouses in Canada, i guess.

Additionally, a lot of Canadian small businesses, independent of Amazon, advertize on the Amazon site. For example, they sell new & used DVDs. Often at very low prices, btw.
 

james t kirk

Well-known member
Aug 17, 2001
23,932
3,679
113
Almost all of my Amazon.ca orders can be tracked through Canada post. According to the tracking, the products seldom come from the USA. Almost always from Canada. Warehouses in Canada, i guess.

Additionally, a lot of Canadian small businesses, independent of Amazon, advertize on the Amazon site. For example, they sell new & used DVDs. Often at very low prices, btw.
That's my point.

Warehouses do not a successful city make.
 

explorerzip

Well-known member
Jul 27, 2006
7,990
1,180
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I never buy anything from Amazon unless I have absolutely no choice, which is very rare.

Amazon does NOTHING to support our local community.

All the Social Justice Warriors seem to love to boycott Walmart because it's the thing to do, yet ironically, many support Amazon with their purchasing dollars.

Why?

At least Walmart has physical stores that employ people in the community. Amazon has no such thing. Just warehouses scattered around the rural USA. (Do they even have a warehouse in Canada?)

Reasons not to shop at Amazon

1. Amazon are very nasty to their employees. There have been more and more articles written about Amazon employees being worked to death in hot house warehouses, in nasty environments, with low wages and exploited into working insane hours.

2. Amazon does not contribute to the local economy.

3. Physical stores require more support than Amazon and thus result in much larger spin-off employment and industry.

4. People think Walmart is bad because they move into a town and kill the smaller business and decimate downtown areas. Now imagine what it would be like if not only the small businesses were destroyed, but the bigger stores too. Like it or not, physical merchants generate local employment both directly and indirectly.

5. Imagine what our streets will be like if all the shops and stores disappear because everyone simply starts ordering from Amazon. That would make for a pretty dreary city. Imagine Queen Street in Toronto all boarded up because of online shopping competition. Won't happen you say? Think again, it's already happening. A lot of smaller shops on Queen West have closed their doors because of online competition.


In addition to all that, I like seeing and holding something before I buy it. I want to feel the physicality of what I'm buying and make my determination on whether to buy or not to buy. In addition, I walk home with it right there and then.
What you said can be applied to just about any large corporation. Amazon does have warehouses in Canada: at least 3 are in the GTA with one on Erin Mills Parkway in Mississauga. One thing I can agree with you about Wal-Mart and Amazon is that they pressure their suppliers to provide the lowest possible price. Their size lets them use such intimidation tricks.
 

explorerzip

Well-known member
Jul 27, 2006
7,990
1,180
113
Buying $35 of products sold by "Amazon" gets free delivery. Not long ago it was less, maybe $25, if i recall.

IME delivery is often from 2 to 7 days, depending on whether it's sent locally or from across the country. Products bought through the Amazon site from other companies can take as much as a month or two to arrive (e.g. from China, Singapore, etc).

Amazon & Ebay prices for DVD's are often much better than at stores like Best Buy, Wallmart, etc.

If you want to try on shoes before you buy & get customer service in person, then online shopping is out of the equation. At the Hudson's Bay store recently i was surprised that there were more clerks than customers in the shoe department. Service was immediate & excellent. For once even the elevators worked. Many shoes were being advertised at 30-50% off.

Likewise for other clothing items one may want to try on or check out before buying, e.g. jackets, pants, etc

I don't want to buy online & then have to return a product.

It can be very convenient to buy online & have delivery to one's doorstep or an outlet w/i minutes of one's residence than spend much more time while travelling much larger distances.
Trying on clothing has already been solved by Amazon and many other online only retailers. Some do it with a generous return policy or free alterations, etc. Others like IndoChino have you measure yourself and they make the garment. They also have physical showrooms too.
 
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