re: Trump DOJ goes after Amazon--Mnunchin says Amazon has &quot;destroyed the retail industry&quot;

Posted by ninthward

Boston, MA

Member since May 2007

21965 posts

Posted on 7/25/19 at 10:07 am to I B Freeman

quote:
Amazon has been great for small manufacturing companies across America

This is true for some but mostly it crushes small businesses. If you don't sell enough, have excess inventory, have your own online store puts you at risk for competing with Amazon. I work with Amazon FBA daily for clients and every one of them has had their products undercut by Amazon, had their products sold to unknown distributors by Amazon, had counterfeit accounts selling the same product yet fake- all set up in Amazon and Amazon does nothing about it.

Posted by tigerpawl

Can't get there from here.

Member since Dec 2003

22628 posts

Posted on 7/25/19 at 10:09 am to Anfieldtiger8

quote:
It's delusional and border line retarded to claim Amazon hasn't hurt retail.

quote:
Hurt retail or improved retail? Customer decides

This is it in a nutshell. The telegraph made it hard on the pony express. The telephone made it hard on the telegraph. Email made it tough on paper companies. Cell phones made it hard on pay phones operators. Uber made it hard on taxicab owners. Get over it and re-invent yourself!!

Bezos is a flaming a-hole, but you have to give him credit for what he created. You would do the same thing.

This post was edited on 7/25/19 at 10:11 am

Posted by prplhze2000

Parts Unknown

Member since Jan 2007

56852 posts

Posted on 7/25/19 at 10:12 am to I B Freeman

Tell that to Toys R Us. Amazon totally screwed that company.

Posted by cave canem

pullarius dominus

Member since Oct 2012

12186 posts

Posted on 7/25/19 at 10:13 am to I B Freeman

quote:
How can he say they hurt retail when over the last 10 years the Dollar General, Academy Sports, Tractor Supply, Harbor Freight, PetsMart, Chewy, retail businesses have expanded like crazy?

The problem is not Amazon, it is the american shopper, we want to save every cent then get pissed when mom and pop can sell it to us immediately for the same price.

Amazon is pure poison for small retailers, especially those in rural areas, not sure it is the FedGovs business to resolve though

Posted by I B Freeman

Member since Oct 2009

27843 posts

Posted on 7/25/19 at 10:22 am to prplhze2000

Instead of dominating online retail for toys ToysRU didn't change and went belly up.

Remember they went through a leveraged buyout that loaded their balance sheet with debt. Hard to blame other retailers for failing to keep up and leveraging your own balance sheet.

Posted by I B Freeman

Member since Oct 2009

27843 posts

Posted on 7/25/19 at 10:23 am to ninthward

quote:
This is true for some but mostly it crushes small businesses.

Back up the "mostly" part of that claim. Amazon is 4% of American retail.

2 ...

Posted by AlceeFortier

Member since Dec 2016

1795 posts

Posted on 7/25/19 at 10:25 am to I B Freeman

amazon is a target because trump does not like Bezos. another example is trump just caring for trump. such a fickle little man!

2 ...

Posted by Tony Tiger89

EVERYWHERE

Member since Feb 2008

2861 posts

Posted on 7/25/19 at 10:27 am to AlceeFortier

You are a fickle Douche Bag, without any brains !!

Posted by NikolaiJakov

Moscow

Member since Mar 2014

2803 posts

Posted on 7/25/19 at 10:32 am to I B Freeman

I think this issues shows that free markets are great things but not even all conservatives agree on whether the unintended consequences are.

Eta: I am pro-amazon and use it often. I think Wal-Mart pickup is the best idea Walmart has had in YEARS, and it was driven by the idea that people hate going in the store and waiting to check out. Amazon forced Walmart to adapt for the better. Mom and Pops may not be able to do what Walmart does, but they have advantages that Amazon and Walmart do not have, so they need to leverage them.

This post was edited on 7/25/19 at 10:35 am

Posted by ninthward

Boston, MA

Member since May 2007

21965 posts

Posted on 7/25/19 at 10:34 am to I B Freeman

I work with Amazon everyday dipshit and see what happens first hand.

quote:
How can he say they hurt retail when over the last 10 years the Dollar General, Academy Sports, Tractor Supply, Harbor Freight, PetsMart, Chewy, retail businesses have expanded like crazy?

Also, each one of these listed is by far a small retailer and each one of these companies dump millions into their own online eCommerce..

This post was edited on 7/25/19 at 10:36 am

2 ...

Posted by tigerpawl

Can't get there from here.

Member since Dec 2003

22628 posts

Posted on 7/25/19 at 10:46 am to ninthward

quote:
How can he say they hurt retail when over the last 10 years the Dollar General, Academy Sports, Tractor Supply, Harbor Freight, PetsMart, Chewy, retail businesses have expanded like crazy?

quote:
Also, each one of these listed is by far a small retailer and each one of these companies dump millions into their own online eCommerce..

Is this not available to anybody who takes the trouble to do it?

Posted by deltaland

Member since Mar 2011

100320 posts

Posted on 7/25/19 at 11:40 am to I B Freeman

I don’t have an issue with Amazon. It’s a great service and good for consumers.

Thing is in retail as long as people buy shite the jobs will be there. Someone may have to change from stocking shelves at wal mart to stocking a warehouse for amazon or delivering packages, but amazon does not eliminate jobs imo

Posted by Centinel

Idaho

Member since Sep 2016

44180 posts

Posted on 7/25/19 at 11:41 am to AlceeFortier

quote:
AlceeFortier

Please get help before you harm yourself or others.

Posted by I B Freeman

Member since Oct 2009

27843 posts

Posted on 7/25/19 at 11:41 am to ninthward

quote:
own online eCommerce..

so it is online eCommerce you hate.

Do you want the government to intervene in that too?

Posted by gatorsimz

cafe risque

Member since Feb 2009

8381 posts

Posted on 7/25/19 at 11:48 am to I B Freeman

Love the Trump admin but disagree on Amazon. Can’t blame Amazon for providing a convenient way to shop with the added benefit of great customer service. Consumers want a one stop shop and Amazon provides that. I think it’s great they give small and giant retailers the same platform to sell their products.

Posted by Hangover Haven

Metry

Member since Oct 2013

31974 posts

Posted on 7/25/19 at 11:49 am to 225bred

quote:
& his wife’s a smokeshow, so there’s that.

Talk about out kicking your coverage...

Posted by wutangfinancial

Treasure Valley

Member since Sep 2015

11842 posts

Posted on 7/25/19 at 11:51 am to I B Freeman

What industry do they own 100% market share in? Maybe I missed something

They are the largest loss leader on the planet with AWS subsidizing the entire company with their operating profits. Y'all see their market cap and get triggered despite the fact that their stock price is getting juiced by monetary policy, and will get crushed in the next risk-off scenario. Cry me a river on Amazon.

Posted by beaverfever

Arkansas

Member since Jan 2008

35394 posts

Posted on 7/25/19 at 12:02 pm to wutangfinancial

quote:
They are the largest loss leader on the planet with AWS subsidizing the entire company with their operating profits.

I don’t like businesses that intentionally avoid turning a profit in order to hurt their competition way down the line. It’s particularly bothersome when they’re using profit in one industry to fund losses in another to have an unfair advantage. It’s very anticompetitive.