Amazon is in talks to acquire J.C Penny (seeking to turn them into distribution centers)

[Vandelay]

Interesting, Amazon is moving into physical to catch up to Walmart's physical distribution footprint, and Walmart is doing the reverse; leveraging their distribution and trying to catch up in tech to match Amazon.

But ultimately I think Amazon will be the bigger winner since they are much better at technology and data analysis and will iterate faster as a company.

This. AWS gives them a massive edge.

 

[beaniemac]

bezos out here buying EVERYTHING for pennies on the dollar.

COVID was the best thing to happen to amazon as they are the default only retailer for most purposes.

 

[humminbird]

makes sense
I didn't see this coming because of their partnership with Kohls but this will give them the same pathway in a faster manner

 

[Family Lives Matter]

The evil Amazon empire wins yet again!
Atleast it keeps people in a job I guess

 

[newworldafro]

 

[UpAndComing]

When Capitalism becomes Corporatism

Taking out the competition

 

[BonafideDefacto]

 

[Big Blue]

The feds are going to step in at some point lol. But they're being smart about buying companies that weren't too big to avoid anti-trust issues.

 

[ALonelyDad]

Trillions

amazon needs a good clothing market anyways

 

[Da King]

Capitalism

 

[Warren Moon]

If I was a commercial real estate owner of a mall, I’d nix the idea.

why bring in your biggest competition?

 

[Tunez]

Put a distribution center in Bay plaza please

 

[jdubnyce]

bezos out here buying EVERYTHING for pennies on the dollar.

COVID was the best thing to happen to amazon as they are the default only retailer for most purposes.

Plandemic

 

[Amestafuu (Emeritus)]

Amazon, Walmart. If you shop here regularly

They will consolidate until they own the world because people love "cheap" and convenient.

If I was a commercial real estate owner of a mall, I’d nix the idea.

why bring in your biggest competition?

 

[42 Monks]

The feds are going to step in at some point lol. But they're being smart about buying companies that weren't too big to avoid anti-trust issues.

If they wanted to stop Amazon, they would've done it by now.