If they are going to get into the business ( acquiring retail space) it will be one that fits into their equation for their last mile problem and be at fire sale prices.
If they choose to purchase retail real estate, it will most likely be a combination of retail/grocery/banking all in one, sort of like a Walmart, but way better experience.
This most likely will be their approach to get baby boomers to shop and to learn how to shop online.
As everyone knows, Amazon loves getting things cheaply and will do so if they can.
Webvan was an online grocery business that went bankrupt in 2001 after 3 years of operation and was later folded into Amazon.com.
CNET named Webvan one of the largest dot-com flops in history
Webvan placed a $1 billion order with engineering company Bechtel Corporation to build its warehouses, and bought a fleet of delivery trucks.
In 2000, Webvan bought HomeGrocer, a competitor that was also losing money, for $1.2 billion in stock.[11][12] At its peak in 2000, Webvan had $178.5 million in sales but it also had $525.4 million in expenses.
Comments
People are not getting it.
If they are going to get into the business ( acquiring retail space) it will be one that fits into their equation for their last mile problem and be at fire sale prices.
If they choose to purchase retail real estate, it will most likely be a combination of retail/grocery/banking all in one, sort of like a Walmart, but way better experience.
This most likely will be their approach to get baby boomers to shop and to learn how to shop online.
As everyone knows, Amazon loves getting things cheaply and will do so if they can.
(https://en.wikipedia.org/wiki/Webvan)