@McKhenry No - I specifically explained how it is business model impacting. Sales volume is a key part of that ofc - but its s secondary item
online has basically gutted the centre of the retail continuum - its hit harddest general non differentiated retail large stores + strip shop smalls
the v biggest companies with exceptional buying power - Walmart, Best Buy, Costco - have generally maintained market share and ability to lift same store sales
Overall online’s impact on retail as a whole is fairly similar to what it’s done to print media
its gutted the economics except for the top few incumbents with the resource and brand to both the ncorporate it while retaining whatever made them category leaders originally
thats in giant market like USA.
In Australia it hits everyone - that’s why djs and Myers are on their knees, same as Fairfax and foxtel
but that’s bushfire stuff - after they are gone something new will emerge that starts from a lower cost base, uses online fulfilment but still has the differentiated brand and a physical premise. It’s not going to totally die - just adapt - like amazon’s trying to achieve with whole foods
But you only have to pull the charts for all these to see online’s utterly devastating impact over 6-7 years
when one chart in 10 is a winner - that tells you online is crushing physical retail - as a general rule
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