{"id":19538,"date":"2025-01-09T15:40:50","date_gmt":"2025-01-09T15:40:50","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/ceo-of-popular-retailer-identifies-major-amazon-weakness\/"},"modified":"2025-01-09T15:40:50","modified_gmt":"2025-01-09T15:40:50","slug":"ceo-of-popular-retailer-identifies-major-amazon-weakness","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=19538","title":{"rendered":"CEO of popular retailer identifies major Amazon weakness"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>If you&#8217;re one of the roughly 200 million Amazon\u00a0<span> (<strong><a href=\"https:\/\/www.thestreet.com\/quote\/AMZN\">AMZN<\/a><\/strong>) <\/span>\u00a0Prime subscribers, chances are you&#8217;ve bought at least a couple of products from the online giant.\u00a0<\/p>\n<p>Back in the early days, Amazon&#8217;s ambitions were a lot smaller than they are today. Rather than setting out to be a leader in logistics, cloud computing, grocery, speedy delivery, and a general purveyor of almost everything you didn&#8217;t know you needed, Amazon began as a humble bookseller.\u00a0<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/retail\/apple-users-infuriated-by-quiet-update-to-worthless-new-feature\">Related: Apple users infuriated by quiet update to &#8216;worthless&#8217; new feature<\/a><\/strong><\/p>\n<p>Perhaps humble isn&#8217;t the best way to put it.\u00a0<\/p>\n<p>The Amazon many of us can&#8217;t live without was founded in 1994 under a different name \u2014 Cadabra \u2014 and began making deliveries to all 50 states in the U.S. a year later. But it wasn&#8217;t shipping shoes, clothing and skincare in little brown boxes and white bags the way it is today.\u00a0<\/p>\n<p>Amazon began as a bookstore because Bezos had ambitions to disrupt the old model of dusty bookshops with limited titles and yet still an ability to consume readers&#8217; time and money.\u00a0<\/p>\n<p><strong>More Retail News:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/walmart-goes-viral-shockingly-affordable-herm%C3%A8s-birkin-bag-dupe\">Walmart luxury dupe goes viral, delights shoppers<\/a><\/li>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/nordstrom-agrees-to-large-acquisition-with-shocking-business-change\">Nordstrom agrees to large acquisition with shocking business change<\/a><\/li>\n<li><a href=\"https:\/\/www.thestreet.com\/retail\/ftc-makes-shocking-final-ruling-junk-fees-ban-and-restaurants-react\">You may pay more at restaurants after surprising &#8216;junk fees&#8217; ban decision<\/a><\/li>\n<\/ul>\n<p>He noted that books were relatively easy to come by and even easier to ship. They were lightweight, easy to come by, and almost always in demand. Plus, Amazon was early to the online shopping trend, so by the time it was up and running, nearly everybody was already all too eager to test an online purchase out on something as easy as a book. It saved readers a trip to a corner store and maybe a few bucks.\u00a0<\/p>\n<figure>\n<p>                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.thestreet.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTk0MDk0NjA5NTY2MTQ4MTAx\/book_list_kl_112922.jpg\" height=\"675\" width=\"1200\"><figcaption>Amazon is the largest retailer in the world, selling millions of books annually.<\/p>\n<p>Image source&amp;colon; Amazon&amp;sol;TheStreet<\/p>\n<\/figcaption><\/figure>\n<h2>Amazon&#8217;s far reach inspires other giants<\/h2>\n<p>It wasn&#8217;t long before Amazon began selling other easily distributable goods. Music and movies were the natural next step for the growing tech company. Then, in 2006, it opened up Amazon Web Services (AWS), a cloud computing platform, which is still where the lion&#8217;s share of its revenue comes from today.\u00a0<\/p>\n<p>Amazon&#8217;s pathway to success became something of a north star for other aspiring giants. Especially during the pandemic, the diversified darling was able to make seemingly impossible strides because it offered such a wide array of products.\u00a0<\/p>\n<p>While people stayed at home, Amazon&#8217;s streaming service, Amazon Prime Video, was happy to entertain its subscribers. Lightning-fast delivery offered toilet paper and toothpaste when local box stores were out. And when things opened back up, Amazon was happy to provide folks with a pleasant shopping experience at its brick-and-mortar locations, including Whole Foods (which it acquired in 2017) and Amazon Fresh.\u00a0<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/retail\/walmart-customers-outraged-over-popular-product-price-increase\">Related: Walmart customers outraged over popular product price increase<\/a><\/strong><\/p>\n<p>This diversification of retail goods is now the standard for success among corporate giants. Walmart has since launched Walmart+, its version of Amazon Prime, offering similar benefits to subscribers but at a lower fee ($98 per year vs. Prime&#8217;s $139). And Target has begun to foray into a similar venture with its Circle 360 program.\u00a0<\/p>\n<h2>Top retail CEO identifies Amazon weakness<\/h2>\n<p>But not all retailers want to be another Amazon.\u00a0Some prefer to stick to their roots entirely.\u00a0<\/p>\n<p>Such is the case for James Daunt, the CEO of Barnes &amp; Noble, a bookseller that has had its ups and downs over the years. Unlike Borders, a now-shuttered Barnes &amp; Noble competitor, the latter has survived multiple rounds of disruptions, including the retail apocalypse of the early 2010s and COVID-19, which forced brick-and-mortar stores to close for long stretches of time.\u00a0But Daunt says this differentiator is what makes it a strong competitor to Amazon. He claimed the retail giant was simply a means to an end and &#8220;doesn\u2019t care about books.\u201d<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/retail\/walmart-target-costco-make-major-2025-announcement\">Related: Walmart, Costco, Target make major 2025 announcement<\/a><\/strong><\/p>\n<p>Daunt&#8217;s statement is bold, considering Amazon accounts for roughly half of all book purchases made and sells about 700 million each year.<\/p>\n<p>Speaking with PBS Newshour, Daunt said that Amazon&#8217;s bookselling is\u00a0\u201ca massive positive for what it is to be a great bookseller.\u201d<\/p>\n<p>That&#8217;s because Amazon has\u00a0\u201ctaken all the boring books out of our stores,\u201d leaving Barnes &amp; Noble to focus on what sells well.\u00a0<\/p>\n<p>Rather than watching textbooks or irrelevant materials collect dust on its shelves, Barnes &amp; Noble has culled the products that don&#8217;t make it money and now stocks the most popular titles, even offering some exclusive products for die-hard fans of best sellers. These editions often sell out and fetch higher than average prices because they include content and cover art customers can&#8217;t get elsewhere.\u00a0<\/p>\n<p>\u201cYou will have an experience, and when you walk out of the store with [a book] in your bag it will lift you,\u201d Daunt said. \u201cIt\u2019s the same book, but I promise you it\u2019s a better book, and the reading of it will be more pleasurable because you bought it in a bookstore.\u201d<\/p>\n<p align=\"center\"><strong><a href=\"https:\/\/www.thestreet.com\/investing\/stocks\/veteran-fund-manager-delivers-alarming-s-p-500-forecast\">Related: Veteran fund manager delivers alarming S&amp;P 500 forecast<\/a><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re one of the roughly 200 million Amazon\u00a0 (AMZN) \u00a0Prime subscribers, chances are you&#8217;ve bought at least a couple of products from the online giant.\u00a0 Back in the early days, Amazon&#8217;s ambitions were a lot smaller than they are today. Rather than setting out to be a leader in logistics, cloud computing, grocery, speedy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[2100,11527,11629,11278,1340,11628,11630],"dealstore":[],"offerexpiration":[],"class_list":["post-19538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-amazon","tag-ceo","tag-identifies","tag-major","tag-popular","tag-retailer","tag-weakness"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CEO of popular retailer identifies major Amazon weakness - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=19538\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO of popular retailer identifies major Amazon weakness - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"If you&#8217;re one of the roughly 200 million Amazon\u00a0 (AMZN) \u00a0Prime subscribers, chances are you&#8217;ve bought at least a couple of products from the online giant.\u00a0 Back in the early days, Amazon&#8217;s ambitions were a lot smaller than they are today. 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