As a matter of fact, most, if not ALL, brick and mortar retailers who have filed for bankruptcy during the first half of 2017 have stated the Amazon effect in their filings :: however, that being said, Amazon is just a convenient excuse for their lack of understanding as to WHY this incessant "brick and mortar retail" carnage shows no end in sight. Even antitrust regulators are getting in on the "Time to Stop Amazon" chorus line. However, as I stated earlier, the reason is simple: Today's brick and mortar retailers are clueless about the "real retail battlefield landscape." So, let me proceed with an explanation.
"Since 2010, closed ~ 400 stores, remodeled 150, ~$400 M of CAPEX Investments"
AMAZON vs. MACY'S :: July 1994 - July 2017
In July 1994, Amazon had a ZERO market cap and yet, just three (3) years later, in May of 1997, Amazon had a market cap of $461 million.
In July of 1994, Macy's market cap was over $1 billion. In May 1997, Macy's had an estimated market cap of over $2 billion.
On July 26, 2017, Macy's has a market cap of over $7 billion vs. $504+ billion for Amazon.
AMAZON vs. MONTGOMERY WARD :: July 1994 - July 2017
In July 1994, although there was no public trading market for Montgomery Ward common stock, its total annual revenues (as of 12/31/1994) were over $7 billion and it had a book value of over $687 million. In May 1997, Montgomery Ward was in the middle of preparation to file for Chapter 11 bankruptcy. And by June 2001, it was fully liquidated. ZERO Value.
On July 26, 2017, Montgomery Ward is defunct ($0 market cap) vs. $504+ billion for Amazon.
AMAZON vs. J.C. PENNEY :: July 1994 - July 2017
In July 1994, JC Penney had an estimated market cap of nearly $10 billion. In May 1997 it had a market cap of nearly $12 billion.
On July 26, 2017, JC Penney has a market cap of over $1.6 billion vs. $504+ billion for Amazon.
AMAZON vs. BARNES & NOBLE :: July 1994 - July 2017
In July 1994, Barnes & Noble had an estimated market cap of over $990 million. In May 1997 it had a market cap of nearly $1.5 billion.
On July 26, 2017, Barnes & Noble has a market cap of over $678 million vs. $504+ billion for Amazon.
AMAZON vs. Sears :: July 1994 - July 2017
In 1994, Sears had annual revenues of over $50 billion.
On July 26, 2017, Sears has a market cap of over $945 million vs. $504+ billion for Amazon.
The New Retail World within The New Virtual Organization World will NOT be providing your organization with retail consulting services nor will it be providing you with ready-made solutions to your current woes. Nor would we ever consider such request in any way, shape or form. Therefore, do NOT bother to ask since that is absolutely out of the question and NON-NEGOTIABLE.
As well, although The New Retail World within The New Virtual Organization World has a great deal of admiration for Jeff Bezos and Amazon, we will NOT be trying to show you how to beat or become another Amazon. Our knowledge goes way beyond that.
As the current CEO of Abercrombie & Fitch Arthur C. Martinez presciently stated in his 2001 autobiography:: The Hard Road to the Softer Side: Lessons from the Transformation of SEARS, "myopia is fatal. Think boldly about what business you are in, .... and how you will meet the needs of the customers of the next generation...success will not be driven by your board scores....They'll be driven by your character and your intensity, and by your willingness and ability to continue to learn."
on The New Virtual Organization World Consortium