Department Stores should be worried as something big is happening at Amazon

Department Stores should be worried as something big is happening at Amazon

Who cares about trying on new clothes in a store’s dressing room to see if they fit. Apparently, not many folks.

According to a new survey from Morgan Stanley, nearly 46 percent of consumers purchased clothes on Amazon (AMZN) over the last twelve months. This marked the second highest percentage in the survey, trailing only Walmart’s (WMT) 60 percent. Purchase frequency seems to be picking up, too, as Morgan Stanley found that 36 percent of consumers have purchased clothing on Amazon a “few times” this year vs. 31 percent a year ago. The survey was conducted online in the U.S. with 1,000 adults age 18 and over from April 4 to April 12.

There were some alarming stats in the survey that should have executives at Macy’s (M), Target (TGT) and other bricks-and-mortar retailers on edge (even more so than usual).Full Story

There are too many retail stores, Malls and restaurants in the US. A major cleansing process is underway. If one looks at the malls in Asia, one can understand why the Malls in the US are dying. The Malls in Asia are like five-star hotels, service is superb, and the selection is splendid. These Malls are essentially mini cities and house almost everything one needs in one location. Fine dining, casual dining, top brands, regular brands, supervised entertainment for children, etc., etc. In comparison, most American malls look either like garages or warehouses. Not to mention that service, in general, is bad, the stores are in disarray and the lines are usually long. When you purchase online, it takes a few seconds, you can compare prices really fast and if you don’t like the item, it’s easy to return. 

Take a look at Mid Valley Megamall in Malaysia

 

 

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