Walmart Abandons Amazon's Kindle Lineup 104
New submitter kiriath writes "Walmart has followed Target in ceasing to sell the Amazon Kindle product line. This is not terribly surprising, since Amazon and Walmart are major competitors. From the article: 'The world's largest retailer, which has been trying to catch up to Amazon in online sales, said the decision was consistent with its overall merchandising strategy. ... Now, with two large chains no longer selling Kindle, speculation has grown that the dominant online retailer could open its stores where shoppers could try out and buy Kindles. Amazon "is a little bit of a Trojan horse" when the Kindle is sold in other stores, said Sucharita Mulpuru, retail analyst at Forrester Research. "They should have made this decision to not carry the Kindle a long time ago."'"
Re:Maybe.. not yet (Score:4, Informative)
Amazon has about the same revenue as Best Buy (50b).. but BBY made 1.28b in net profits.
Even when comparing Amazon to retail companies of similar size.. it doesn't perform well.
Let me rephrase.. even when comparing Amazon to failing retails giants.. Amazon does not perform well.
Lowe's.. 50b.. 1.8b net profits
Staples.. 25b.. 0.88b net profits
Did you know foot locker makes 278m on 5.6b in revenue.... 2/3rd the profits on 1/10th the revenue compared to amazon.
Point is... there's no indication that amazon will destroy B&M retail. So far they have not been able to show the profit margin or even just net profit that traditional retailers have been able to.
Re:Amazon is preparing to crush Wal-Mart (Score:3, Informative)
he can't give you a link.. because it's not true. here's an article from 2009 that says a mall opened in 2006, and another was scheduled to open later that year (2009)
http://theweek.com/article/index/94691/the-vanishing-shopping-mall [theweek.com]