Comments by "" (@craigkdillon) on "Michael Bordenaro" channel.

  1. As shopping moves on-line, Amazon grows bigger and bigger. A few old brick and mortar stores might be able to survive, like Home Depot, WalMart, Macy's, and a few others. But, most will suffer. There will be fewer brick and mortar stores in the future. Fewer malls, smaller malls, maybe specialized malls will exist.
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  2. Online buying has replaced in-store sales more and more. I now buy many things on Amazon that I used to buy at stores. Lots of small stuff -- razors, glasses, plates, rugs, toilet seat, vitamins, pens, toner, and so much more. I go out to shop at stores at least 50% less than I did 20 years ago. I still buy as much. Much is now on-line.
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  3. You will see an increase in sales direct from manufacturer to customer. For instance -- furniture. Normally, there is a 100% markup for the store for furniture. It has been that way for forever. BUT -- if when people buy direct they can get better deals. PLUS -- the manufacturer also gets a better deal. They are cutting out the middle man. People will use stores as a showroom to see what they want ---- THEN -- they go home and order it on the internet. That is how I bought a living room chair recently. Interpreting what is happening by just looking at store closings may be misleading.
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