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In recent months, Walmart has purchased a number of trendy, online retailers, including hip fashion brand ModCloth, outdoor gear retailer Moosejaw, and shoe store ShoeBuy.
…Walmart's e-commerce sales have been spurred on by recent acquisitions, growing 29% in the most recent quarter compared to the same period last year. However, the retailer has a long way to go until it catches up with rival Amazon — especially as the e-commerce giant expands its own apparel offerings.
Amazon is predicted to exceed Macy's as the biggest apparel seller in America this year. Prior to Walmart's recent acquisitions of trendy ecommerce brands, Amazon similarly ventured into more high-end fashion, selling products by designers such as Zac Posen and Stuart Weitzman.
Walmart's market value is now $298 billion, compared to Amazon's $356 billion. In February, Warren Buffett's Berkshire Hathaway sold off $900 million of its Walmart stock, the last of Buffett's shares in the company, after saying in 2016 that Amazon's competitors had not figured out a way to counter the e-commerce company.
originally posted by: ketsuko
a reply to: FlyingFox
Outside entertainment, food, and retail venues (outdoor malls) are also still popular. I'm not talking strip malls. I'm talking about the little shopping districts like we have two of in KC - Zona Rosa and The Plaza. They have a mix of upscale shopping and sort of mall style retail with lots of little restaurants where you can dine out or in in fine weather and some anchor stores. Those two zones are always busy in the summer.
I think part of the problem with malls is that they become popular teen hangouts and then the wrong kind of teen moved in to hang out and people no longer felt safe in them.
Unfortunately, The Plaza district is starting to have these problems with packs of roaming teens lately. There have been fights, shoppers being threatened and beat, and there was even a shooting or stabbing incident. Zona Rosa isn't having these problems yet, but it is still pretty new and far enough away from where the teens live that it's not as accessible.
People aren't going to want to go shop in a place if they can't feel safe doing it ... no matter how trendy or upscale it might be. But fundamentally, people still do like getting out and being out and about. And some people still do like buying certain things (like clothing and shoes which are tough to fit based on measurement alone) in a store. I know I recently bought a very nice pair of jeans for myself and they are a shade too large because I trusted measurements and went online for them.
originally posted by: sarra1833
I will say to the poor folks pov, any Universal Income will be gold.
To the Have's and Upper Echelon, any UI won't 'be enough' and they'll sobfest, all 'woe is me'.