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Amazon.com, a big threat to Retail Stores

Amazon

Did you wonder why most of the shops which were once the coolest place to visit and buy gadgets has now become a history? I am not a business analyst, but I have a feeling that this is because the online shopping is getting popular in leaps and bounds. I am a nerd by myself and look online to buy things. But I always wanted to have a physical feel of the gadget before I bought it. Last Christmas, I was trying to buy some doll for my niece and I started browsing around shops like Wal-Mart, kohl’s and other shops in the nearby mall. Then I came back home and was looking at the prices of the same dolls at the online stores. They seemed to be lot cheaper, but again I noticed this strange thing, that none of them was able to compete Amazon. These guys were giving free shipping and there seemed to be no tax at all and above all the price of the stuff seemed to be at least 20$ less than the other online stores. I brought a couple of gift for my niece from Amazon and man they were at my doors in two days.

In one way this is a big boon, but think about the other stores like CompUSA, circuit-city, Macys and couple others which have been closed down in the recent past. These were once the shops where people used to flock around all the times and it generated lot of jobs to the people. The only shop which has been able to survive now is the Best-buy and people now visit it only to look at the gadgets and apparently even they end up buying online. If this scenario continues, lot of our brothers and sisters will end up in poverty. So the next time you shop online just think about these wicked people who are one of the main reasons for the job loss in United States