Amazon Fulfillment Center could Unionize
Amazon (NASDAQ: AMZN) has fought unionization hard. For instance, The New York Times claims Amazons spent over $4.3 million fighting the JFK8 union drive.
Read moreAmazon (NASDAQ: AMZN) has fought unionization hard. For instance, The New York Times claims Amazons spent over $4.3 million fighting the JFK8 union drive.
Read moreOn the other hand, Amazon Inc. (AMZN) is generating less cash. For example, Amazon’s quarterly operating cash flow fell from $30.431 billion on 31 December 2020 to $22.086 billion on 31 December 2021.
Read moreI think a group of stocks I call the NAMPOF, or NAMPOM, is an excellent alternative to the FAANG.
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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 moreIt 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.
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