This might make Office Depot more of an electronics services firm and put it in a good position to form some sort of partnership with Amazon (NASDAQ: AMZN). An obvious future for Office Depot would be a service center for Amazon electronics and a brick and mortar location for Amazon returns and pickups. A logical move for Amazon would be to buy Office Depot.Read more
By shrewdly taking advantage of the opportunities created by the retail apocalypse, TJX has grown into America’s dominant department store brand. It is liable to remain in that position for a long time to come because of the sheer ineptitude of the competition.Read more
Details of the partnership were not available but it would presumably involve E. Leclerc accepting Amazon returns and possibly letting customers pick up Amazon orders in its stores. Another possibility is that customers might be able to order groceries from E. Leclerc through Amazon. Amazon recently entered into a similar arrangement with the ailing American department store chain Kohl’s (NYSE: KSS).
The privately-held E. Leclerc is France’s largest supermarket with 21.1% of the nation’s grocery market in April 2017, Statista reported. There were unsubstantiated rumors that Amazon might attempt to buy France’s second largest grocer Carrefour (OTC: CARR). Carrefour currently controls 20.9% of the French grocery market.Read more
Taking Amazon returns would only help Kohl’s if it is the only store in town doing so.
If the arrangement increases Kohl’s foot traffic, every other retailer in town will run to Jeff Bezos’ office to ink a similar deal. People will be able to return Amazon merchandise at Kroger (NYSE: KR), Whole Foods (NASDAQ: WFM), Walgreens (NASDAQ: WBA), Best Buy (NYSE: BBY), Safeway, Costco Wholesale (NASDAQ: COST), Office Depot (NASDAQ: ODP), Publix, CVS Health (NYSE: CVS) and possibly 7-Eleven.Read more
Walmart is actually testing the use of Supplemental Nutritional Assistance Program (SNAP) benefits to pay for online grocery orders at a few stores, CNBC reported. SNAP is popularly known as food stamps but recipients usually pay with a card through electronic benefits transfer (EBT).Read more
The big question to ask here is: how long can Sears operate. Theoretically it might be able to stay in business for around 21 quarters or another five years. This calculation is based on a -$1.521 billion operating loss every quarter. It would take about five years to eat through all of Sears’ revenue with a loss like that.Read more
The retail apocalypse is about to get far worse and the great American institution known as department stores might soon be history. Take your children to the mall and the department stores now so they can say they saw one. You might not have a chance to show them those palaces of retail in just a few years.Read more
Sooner or later, Trump will have to face the retail-jobs apocalypse, particularly if he wants to get reelected. Although dealing with it might doom his administration, because it might expose just how ineffective his policies might be and how hollow his promises seem.Read more
This brings us to the important question of who is right about Kohl’s, bears worried about the revenues; or bulls who only see the 50¢ dividend paid on December 5? Something investors need to remember is that both bulls and bears are animals with notoriously bad eyesight.Read more
My take is that both Dollar Tree and Dollar General are overpriced stocks. Dollar Tree is a slightly safer investment because it has more cash but neither is a good long-term investment. The market they are in is simply too competitive and unstable to support their business models.Read more