Is it time to bury some retailers?
Macy’s (M) & Kohl’s (KSS) said same store sales were down 2.1% in November & December
Kohl’s lowered guidance and was down 19% today
That’s Kohl’s worst one day ever for the stock!
Macy’s was down 14% today
It also lowered guidance
And announced it is closing 68 stores
That’s on top of the 100 stores it announced it was closing last year
Sears announced it is closing 150 stores
And it sold its Craftsman brand for $900 million
Amazon (AMZN) dominates retail
Amazon announced it is opening up a bookstore in Manhattan
Check out our video on Amazon’s bookstore in San Diego!
Alexa is everywhere at CES.
Ford announced Alexa will be in its cars this spring.
Amazon hopes to have 2,000 Amazon Go grocery stores
We had our first Amazon PrimeNow order last week.
We had groceries delivered to our house on New Year’s Eve!
It was such a great experience.
Now our mom wants to do all of our grocery store shopping with Amazon PrimeNow.
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