Money-oppoly


Amazon effect felt as two grocery chains on verge of bankruptcy

Two U.S.-based supermarket chains are on the brink of bankruptcy as Amazon preys on brick-and-mortar retailers across the country.

Bloomberg, citing people familiar with the matter, reported that Bi-Lo, the Winn-Dixie grocery chain’s parent, is preparing to file for bankruptcy as soon as March. Meanwhile, the owner of Tops Friendly Markets, could seek court protection from creditors as soon as this month, Bloomberg said.

Should this really to be considered progress???  I can’t honestly say I blame Amazon, BUTT when you are on the receiving end, it gotta hurt like hell.

17 Stores That Are Getting Completely Destroyed by Amazon

Remember Borders? What about Circuit City, Tower Records, or Musicland? Those stores were all big chains back in 1995, when Amazon debuted. Now they’re all gone, due in part to pressure from the online retailer that’s upended the American retail landscape.

 

Jeff Bezos’ company has been blamed for killing off once-stalwart retail chains, forever changing the way we read and shop for books and squashing small businesses. And to hear some tell it, the path to total Amazon domination is just beginning. One investment firm even has a “Death by Amazon” index that tracks the stock prices of 54 retail chains they believe are most threatened by the online retailer.

https://www.cheatsheet.com/money-career/stores-destroyed-by-amazon.html/?a=viewall

Just like in so many other areas of our progressive world; is the price we are paying for advancement and technology worth the success?? Not as far as I am concerned.

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About The Goomba Gazette

Addressing topics other bloggers shy away from. All posts are original. Objective: impartial commentary on news stories, current events, nationally and internationally news told as they should be; SHOOTING STRAIGHT FROM THE HIP AND TELLING IT LIKE IT IS. Direct and to the point unbiased opinions. No topics are off limits. No party affiliations, no favorites, just a patriotic American trying to make a difference. God Bless America and Semper Fi!
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2 Responses to Money-oppoly

  1. Isn’t it interesting: CEO Jeff Bezos, of Amazon, is a great supporter of the liberals/Democrats, who donated millions to Hillary’s campaign and probably also to Obama and God knows who else on Republican opposition, is the very one, who kills business. Typical! He is also among the Anti-Trump groups, of course, handing out money to fight Trump. These liberals are nothing but talk, they are big frauds and I cannot, for the life of me, grab the fact half of America is cheering them on. What is the matter with YOU, PEOPLE, HAVE YOU LOST ALL PERSPECTIVE OF WHAT SHOULD BE?

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