Amazon Is Killing Retail
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Put on your suits and hard bottoms. Traditional retail, as we know it, is dead at the hands of Amazon (AMZN). The Amazon business model is a harbinger for wealth destruction. Main Street U.S.A. must now grapple with a new normal. The sprawling commerce, traditional family atmosphere, quaint mom and pop stores, and even the Big Box emporiums are systematically being run out of town. In their place, abandoned streets, closed businesses, boarded up buildings, and escalating crime patterns remain. Today, politicians and concerned citizens grandstand and pass the buck towards Wall Street, Washington, China, subprime loan officers, and
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