This week, Amazon launched its online pharmacy targeting the 3.8 billion prescriptions filled in the U.S. each year. Shares of major pharmacy chains dropped about 10% on the news. Amazon honed this weapon in its Seattle lab and is eagerly unleashing it on retail chains and mom-and-pop pharmacies.
Something struck me while reading this news: Does Amazon remind you of Covid-19? The similarities:
Amazons kills many businesses in industries it touches. Pharmacies are now worried
Imagine helping your brands sell direct and bypass you? Thatβs what Nordstrom is faced with doing as it gets beat up by Amazon and online sellers. As the Nordstrom CEO, think about the dire straits youβd have to be in to approve this. But since most retailers didnβt plan 20 years ago for the internet tsunami, theyβre stuck playing package boy for Wall St. darling Amazon.
I agree that itβs great to get customers in the storeβI just wish it wasnβt under these terms. Itβs like saying you enjoy ...
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July 29, 2016
July 29, 2016
Today's WSJ reminds us that the web is a tough place to make money. Walgreens just lost about $429 million on a bad web decision. Bridge reduces your risk my doing much of the web design, inventory, and e-marketing for you.
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