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re: Amazon to open 300-400 brick and mortar bookstores
Posted on 2/3/16 at 12:19 pm to LSUFanHouston
Posted on 2/3/16 at 12:19 pm to LSUFanHouston
quote:
My guess is this: lots of malls have space these days. Thus, rent space is cheap. They also are in suburban areas. These malls have a lot of anchor space, as well.
What you will get is basically a mini distribution center that sells some books, and also sells kindle tablets, etc.
This is going to bring in the impulse buyer, the lady who saw about a book online this morning, and wants to read the book tonight, while in the tub. She doesn't want to wait 2 days or whatever to get it in the mail. She also wants to pay Amazon price.
That is actually a really good point, taking advantage of the bloated retail/mall space and trying to grab even more of the market
0
Posted on 2/3/16 at 12:39 pm to EA6B
I like shopping in person for two reasons:
1. I can try it out to an extent before I buy it. This is huge with clothes. Buying online always comes with the risk that the clothes won't fit or will look bad on me, forcing me to go through a lengthy and inconvenient returns process. It also helps with electronics, so I can get a feel for how it works before I buy. I hate having to buy furniture online because I want to sit in it.
2. Not waiting for shipping. I don't always want to wait 2-3 weeks or even longer for my stuff to come in.
The advantages of buying online are only:
1. No getting stuck in traffic going to and from stores
2. Near infinite selection of options (although little means of physically evaluating them to know they are quality and/or work for you).
3. Generally, lower prices.
If amazon could create a brick and mortar format that solves the drawbacks of shopping online while preserving the latter two advantages without losing the flexibility of both, it could be a shrewd move.
1. I can try it out to an extent before I buy it. This is huge with clothes. Buying online always comes with the risk that the clothes won't fit or will look bad on me, forcing me to go through a lengthy and inconvenient returns process. It also helps with electronics, so I can get a feel for how it works before I buy. I hate having to buy furniture online because I want to sit in it.
2. Not waiting for shipping. I don't always want to wait 2-3 weeks or even longer for my stuff to come in.
The advantages of buying online are only:
1. No getting stuck in traffic going to and from stores
2. Near infinite selection of options (although little means of physically evaluating them to know they are quality and/or work for you).
3. Generally, lower prices.
If amazon could create a brick and mortar format that solves the drawbacks of shopping online while preserving the latter two advantages without losing the flexibility of both, it could be a shrewd move.
Posted on 2/3/16 at 1:03 pm to schexyoung
quote:They are well on their way. Their stock price is down over $130/share in the past month.
Maybe they want to lower their stock price so the common man can buy a few shares.
Posted on 2/3/16 at 1:07 pm to kingbob
quote:
If amazon could create a brick and mortar format that solves the drawbacks of shopping online while preserving the latter two advantages without losing the flexibility of both, it could be a shrewd move.
quote:
2. Near infinite selection of options (although little means of physically evaluating them to know they are quality and/or work for you).
Impossible. But I've always believed a "showroom" format could be successful - especially for electronics. Furniture is basically already like this on the higher end.
Posted on 2/3/16 at 1:25 pm to SLafourche07
quote:Amazon purchases are not sales tax free for Louisiana residents now. You just have to fill out a form with your income tax filling and report your online purchases and pay the applicable sales tax at that time.
If they open one in Louisiana, say goodbye to tax free purchases online.
This post was edited on 2/3/16 at 1:30 pm
Posted on 2/3/16 at 1:35 pm to LSURussian
quote:
Amazon purchases are not sales tax free for Louisiana residents now. You just have to fill out a form with your income tax filling and report your online purchases and pay the applicable sales tax at that time.
I know.
Everyone knew what I meant.
Besides it won't affect me because I don't purchase anything off of Amazon or any other internet website that doesn't charge upfront sales tax..........
Posted on 2/3/16 at 1:42 pm to LSURussian
quote:
Amazon purchases are not sales tax free for Louisiana residents now
I beg to differ
.
Posted on 2/3/16 at 2:07 pm to SLafourche07
quote:
Besides it won't affect me because I don't purchase anything off of Amazon or any other internet website that doesn't charge upfront sales tax..........
Posted on 2/3/16 at 2:35 pm to Shankopotomus
quote:
millennials and then the next generation coming up will actually start to move back towards brick and mortar stores for some products due to only being able to shop online, and actually craving that "old school" hands on experience
They're on crack. Books might be the only exception
Posted on 2/3/16 at 4:33 pm to EA6B
quote:
Whenever I tell one of them about something cool I purchased online, they want to know where they can buy it locally. I think it has something to doe with that generation wanting things immediately.
that may be part of it, also, I a lot of younger people want to support small, local businesses. It's their way of "sticking it" to the big corporations.
Posted on 2/3/16 at 5:51 pm to LSUFanHouston
Have they said where they will be? If they just open where distribution centers are, would still allow a lot to shop without taxes being added
Posted on 2/3/16 at 5:51 pm to kingbob
quote:
I like shopping in person for two reasons:
1. I can try it out to an extent before I buy it. This is huge with clothes. Buying online always comes with the risk that the clothes won't fit or will look bad on me, forcing me to go through a lengthy and inconvenient returns process. It also helps with electronics, so I can get a feel for how it works before I buy. I hate having to buy furniture online because I want to sit in it.
Or, you know the brands you like and how they fit and you order those online? If they don't fit well you can always physically go to the store to return. #omnichannel
quote:
2. Not waiting for shipping. I don't always want to wait 2-3 weeks or even longer for my stuff to come in.
2-3 weeks
Unless you are buying something custom or JIT from China, you can get most online goods in only a few days. I can get much of the stuff I want on Amazon in 2 days maximum and about 50% of it within 2 hours. quote:
2. Near infinite selection of options (although little means of physically evaluating them to know they are quality and/or work for you).
Have you never read customer reviews of searched YouTube? I can get a better idea of what I am buying online than I can when I am physically in the store. "Touching" an item does not tell me how it will perform over the life of the product.
quote:
If amazon could create a brick and mortar format that solves the drawbacks of shopping online while preserving the latter two advantages without losing the flexibility of both, it could be a shrewd move.
Your reasons are pretty bad for most purchases. There are exceptions where b&m is better but online beats it 90% of the time.
Posted on 2/3/16 at 5:54 pm to OnTheBrink
I will buy far less from them due to sales tax if this happens
Posted on 2/3/16 at 8:25 pm to OnTheBrink
Why?
For the same reason Walmart opened neighborhood stores and is now closing them
To eradicate the competition and gain control of market share
For the same reason Walmart opened neighborhood stores and is now closing them
To eradicate the competition and gain control of market share
Posted on 2/3/16 at 9:05 pm to Stateguy
quote:
Have they said where they will be?
This whole post is based on something the CEO of GGP (which owns a bunch of malls) said. There has been no official announcement from Amazon about anything.
To open that many locations would probably take a rollout of a couple of years, at least. My guess, at least initially, is that they would be close enough to distribution centers to allow them to handle their own delivery to these stores in one day.
Posted on 2/3/16 at 9:27 pm to EA6B
Used bookstores have been blowing up because unless you have a B&N there is no where to buy books.
Posted on 2/4/16 at 6:45 am to barry
I have no idea if this is a good idea or not. And given it's partially sourced to General Growth, one would need at at least consider this.
I will say this, and it is my opinion only. The universal takeover by the internet has been greatly exaggerated. The internet certainly has an impact on almost every business model, but is many instances, will never replace brick and mortar. The pendulum will swing to both extremes, maybe already has, but it won't settle on either of the extremes.
I will say this, and it is my opinion only. The universal takeover by the internet has been greatly exaggerated. The internet certainly has an impact on almost every business model, but is many instances, will never replace brick and mortar. The pendulum will swing to both extremes, maybe already has, but it won't settle on either of the extremes.
Posted on 2/4/16 at 3:05 pm to EA6B
quote:
I am amazed at the number of people I know that are under 40-45 years old that want nothing to do with shopping online. Whenever I tell one of them about something cool I purchased online, they want to know where they can buy it locally. I think it has something to doe with that generation wanting things immediately. Members of that generation are also where most of the purchasing of music on vinyl is occurring. Weird times, what is old is new again.
I much prefer to buy things in a store as opposed to online. But I also like paying with cash. I only buy things online that are either extremely cheaper to get online than a store or I cannot physically get nearby. Most of my online shopping is at REI (not one in Birmingham) and specialty hiking outfitters (who don't have stores).
Posted on 2/4/16 at 3:53 pm to OnTheBrink
They will probably act as distribution points too.
Posted on 2/4/16 at 9:45 pm to Iowa Golfer
The Internet is still only a small piece of total sales. It's like 10-15% of sales. It will probably get as high as 30-40% in the next decade. Eventually, delivery times will be almost instantaneous and that's when online beats b&m.
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