The Wall Street Journal: To keep customers happy, which Mr. Bezos has long said is Amazon’s fixation and growth strategy, executives behind the scenes have methodically waged targeted campaigns against rivals and partners alike — an approach that has changed little through the years, from diapers to footwear. No competitor is too small to draw Amazon’s sights. It cloned a line…
Tag: Wayfair
Is Amazon Losing Market Share?
For the first three months of 2020, Amazon’s revenue was up 26% (to $75.5 billion). Yet several of its competitors in e-commerce “are showing dramatically faster growth rates,” reports Bloomberg’s opinion columnist, noting Shopify reported “the aggregated online sales of its merchant customer base grew 46% in the first quarter.” And of course, after March sales began increasing even more:
Online furniture…
Pier 1 Files For Bankruptcy, Warns of Dangers In Handful of Online Vendors Dominating Retail Sales
Pier 1 Imports filed for bankruptcy Monday (Warning: source paywalled; alternative source), “a victim of changing consumer tastes and an unforgiving retail environment,” reports The Wall Street Journal. “Unlike many other retailers that have sought bankruptcy in recent years, the publicly traded Pier 1 — with assets of $426.6 million and listed total debt of $258.3 million — isn’t weighed down…