Re:Amazon's profits
by lostlogin on Friday August 09, 2013 @02:25AM
(#6184042)
I wonder if this could lead to a rebirth of the high street? Malls going away. Small speciality stores that sell things you wouldn't buy online. Butchers, greengrocers etc with seasonal stuff that is nice to see before you buy. I might be extrapolating my buying habits too far...?
[ Parent
| on HN ]
In Sam Walton's autobiography, he mentions just that kind of store as the sort of place that can compete with Walmart:
* They can specialize more than Walmart can, and be real experts in what they are selling, which Walmart is never really going to do.
* They can focus on quality and not compete on price.
* They can get to know their customers and their town in a way that Walmart can't.
Amazon is pretty similar to Walmart from that point of view and the same approach would likely work.
Interesting book, BTW, I reviewed it here:
http://davids-book-reviews.blogspot.it/2013/07/sam-walton-ma...