Catastrophe For Kohls
Kohl's is my favorite spot to shop for clothes...... specifically work clothes. Quality and selection are top-notch, plus prices are good (in general).
So, when I saw this headline, it really grabbed my attention:
Kohl's might be making the same catastrophic mistake that spelled doom for Toys R Us
(if you've not heard, Toys R Us has recently declared bankruptcy)
From the article:
The department-store chain recently announced that starting in October, 82 locations in Los Angeles and Chicago would accept returns for some items bought through Amazon. The news follows an announcement earlier this month that 10 Kohl's stores will begin selling Amazon devices, including the Echo smart speaker system.
Companies like Borders and Target that partnered with Amazon to help build their e-commerce business in the early 2000s found themselves less than a decade later lacking the sufficient online experience and infrastructure necessary to keep up with the competition.
"Kohl's has to tread a very thin line partnering with Amazon," Cooper Smith, head of Amazon research at the digital business firm L2, told Business Insider. "Retailers like Borders have partnered with Amazon and, much to their demise, it ended up hurting them. History very well could repeat itself here."
All I can say...... beware of the behemoth.
The rest:
Grace & Peace & Love to you all -
Matt
