Big box retailer stocks are getting hit hard Wednesday, following Macy's dismal earnings report.
Macy's shares are down 13%, while some of the largest retailers like Sears, Target, and Nordstrom all dropped by at least 5% during the day.
Amidst all this, Amazon, the online retailer that just opened its first physical store last year, is trading at an all-time high, reflecting a clear shift in consumer behavior.
The growth of online shopping is nothing new. But this chart that compares the 12-month stock movement of Amazon, Walmart, Macy's, Target, and the retail index fund "XRT" clearly illustrate the online retailer's growing dominance in this space:
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6 comments:
"F" Amazon! When they banned the sales of the Confederate Battle Flag they lost me as a customer and I spent a lot their annually. I know my sales loss didn't put a dent in their profits, but I refuse to send money with the uninformed and ignorant people. Many others should follow my lead.
There are still a few items where it is cheaper to drive to the north side of DelMar and purchase tax-free!
Since Amazon now charges tax to MD residents, buying a big-ticket item is now worth the drive.
Now if Governor Hogan would reel back the sales/use tax to what it was before the recent O'Moron jacking (and repeal the specific alcohol tax), there would be less of a difference - they might actually get more business...and revenue!
Thats capitalism for ya
you people dont have Prime.
Amazon charges state sales tax only for the items that it has in its Maryland warehouse and shipping facility. If it's shipped from out of state, it isn't taxed.
First it was Walmart, now the new bad kid is Amazon. I'll admit, I've stood in Barnes & Noble and gone on Amazon to purchase a book I just read in the store. Why? Because it's a lot cheaper. A ton cheaper. With prime you don't have shipping. While the Amazon Prime is more costly than B&N's "club" you also get a lot more, like video streaming, etc. B&N is much more expensive and often ends up losing out because of that extraordinary price model. You can't charge Suggested Retail anymore. Boo-Hoo. They are getting a net profit that's staggering. You people just have no idea how much you line with B&N that Amazon knows they can price much lower - making a profit while making a customer happy all at the same time.
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