For Shares Of Organizations That Compete With Amazon, Instances Have By No Means Been Worse

“What we’re seeing is people can shop other places, [but] chose to shop Amazon because it’s most convenient.
“Retail sales are coming online… sucking share from traditional retailers,” Paul Hickey, co-founder of Bespoke, told CNBC’s “Power Lunch” Monday.
“As Amazon moves further into the turf of traditional retailers like Target and Walgreen, consumer preferences are also changing, with shoppers searching for experiences over goods, Hickey added.
A ‘Death by Amazon’ index tracked by a research firm had its worst day on record Friday following Amazon’s announcement that it’s planning to acquire grocer Whole Foods and disrupt yet another industry.
The list of more than 30 names includes J.C. Penney, Macy’s, Wal-Mart, Barnes & Noble, Best Buy and Kroger, among others.

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