Today, Bloomberg reports, Amazon will buy Whole Foods for nearly $13.7b, a move that catapults the e-commerce giant into the grocery space. Amazon, of course, has been upending industries for decades with its technological advantages that retailers typically can't match.
Should retailers of all stripes be concerned that Amazon will eventually make a move that will threaten them (if it hasn't already done so)? Is Walmart the only major brick-and-mortar chain immune to Amazon because of its physical presence and low prices?
yea, if they have critical idea's concerning marketing and business development and how they can make a creative innovative
Not and succeed, and the key word here that you used is "compete." But in business, you're not supposed to compete, you're supposed to be unique and deliver value. Then you stop entering yourself in a competition and start differentiating yourself in the market segment for your customers. There will always be someone willing to live with less and to take your customers by offering a lower price, so stop competing and start delivering (unique) value. Then you don't worry about competitors in the way that you mean above. Remain agile enough to adjust, but don't just knock-off another idea. Own your segment. Avoid any strategy that involves an "-er" word (better, faster, smarter, cheaper, cooler, prettier). That's a sure route to a competitive showdown. You want your business to be the first, most, best, or only in something. That's how to stay out of a race to the bottom.
Yes if they have a specialized skill in a niche market and adequate funding to survive financially for a few years. Also brick and mortar retailers on specialized industries have a good chance of competing successfully with Amazon.
what is the best e-commerce business to join?
If by "compete" you mean in revenue or users, not likely. But you can have a successful digital retail business by emphasizing the things that Amazon does not: a unique product, a limited selection that avoids the need to discount inventory, a solid brand narrative, non transactional outreach to build trust and affinity, perhaps a founder's story, definitely a social responsibility component--these are some of the keys to succeeding in retail today and, as is seen by the parade of bankruptcy stories in the news, not enough merchants are using them.
This is a tough one. Amazon is massive and they have a huge retail market and now growing in the grocery market as well. I actually had a conference call with one of our customer and he works for Target and he mentioned this is tough for them because they don't have the buying power that Amazon has. I think it will be interesting to see how some of these stores like Walmart and Target survive with this merger
Why would anyone want to? People have seem to have lost the primary business function of Amazon. It is a platform. If you are selling something use the platform. They are just basically eliminating the traditional middle man. (Retail) Anyone can connect with a manufacturer via Ali Baba and sell via Amazon and be very happy with smaller margins. Retail especially clothing has to stock or inventory to many SKU's. Plus the power players make the manufacturer take back items that don't sell and they don't pay you for it. The reason no traditional retailer can compete with Amazon is because Amazon by the core business definition is not in retail. They are more in the arbitrage business. Plus Amazon does so much more for their sellers.
I personal summit to the fact that if Amazon are equipped with more Advance Business Strategies (ABS) and Capable Machines,i think no matter their Competitors and what they are coming with,they will still be at the top of the full chain...