Thus, much of Foot Locker’s growth is playing catch up. I doubt the growth can continue if it returns to post pandemic levels. Remember, the Retail Apocalypse is still out there and the great plague known as Amazon (AMZN) is still on the march.
Streaming video is becoming the favorite entertainment source of American Couch Potatoes. I have to wonder if broadcast TV can survive with just 25% of the market.
Bezos is leaving as Amazon generates incredible amounts of cash. For instance, Amazon (AMZN) reported a quarterly operating cash flow of $30.431 billion on December 31, 2020. Additionally, Amazon reported a quarterly ending cash flow of $12.175 billion on the same day.Read more
It should scare brick and mortar retailers because Amazon Go could generate profits similar to Amazon itself.
For instance, Amazon Go could generate up $2,700 a square foot in annual sales per square foot, Brick meets Click, claims. In contrast, Costar estimated Walmart’s annual sales-per-square foot was $325 in 2018.
Thus Amazon Go’s sales per square foot could be seven times those of Walmart’s. However, the Apple Store’s sales per square foot were nearly twice Amazon Go’s at $5,546 in 2017.Read more