Authors Steven Sinofsky
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Alt-view on Amazon global domination of all retail and the last company standing. :-)
Recent moves by Amazon are an indication not of domination but convergence towards the same drivers of retail success in prior generation. “Everyone eventually becomes their parents.” 1/n
Retail has always been generational. Retail success stories are a graveyard of iconic brand names. Just brutal in how they roll over every generation.
Here are a few from my own childhood that no longer exist.
Historically rollover is due to a secular change in how people both buy and sell stuff. We might call this disruption, but these changes are tied to transport, communication, suburbanization, etc. No mistake, there’s innovation but in retail this is a response to secular change.
Sears famously was a catalog store (farms!) anchored in appliances, tools, etc. As fashion and shopping malls became big, Sears position would weaken.
Discount stores became a big thing, especially during down economies. That drove innovations like cheap house brands, bulk buys.
The stories of being “disrupted” in retail are as numerous as there are defunct retailers. Hey check out https://t.co/7dIEeqNP1f for a whole site of defunct retailers.
Recent moves by Amazon are an indication not of domination but convergence towards the same drivers of retail success in prior generation. “Everyone eventually becomes their parents.” 1/n
Retail has always been generational. Retail success stories are a graveyard of iconic brand names. Just brutal in how they roll over every generation.
Here are a few from my own childhood that no longer exist.

Historically rollover is due to a secular change in how people both buy and sell stuff. We might call this disruption, but these changes are tied to transport, communication, suburbanization, etc. No mistake, there’s innovation but in retail this is a response to secular change.
Sears famously was a catalog store (farms!) anchored in appliances, tools, etc. As fashion and shopping malls became big, Sears position would weaken.
Discount stores became a big thing, especially during down economies. That drove innovations like cheap house brands, bulk buys.
The stories of being “disrupted” in retail are as numerous as there are defunct retailers. Hey check out https://t.co/7dIEeqNP1f for a whole site of defunct retailers.