Sears and Amazon – twins
born decades apart
What do Sears and
Amazon have in common?
Do you recall the
reputation of Sears back several decades? They were notorious for systematically
squeezing small and even large business suppliers to reduce prices (and profits) to
increase their own profits. My cousin’s business suffered this
heavy-handed tactic. Such has become the modus operandi of
Amazon. Evidence is mounting with coming holiday shopping.
Watch and see. Low prices today to be followed by higher prices to
come.
These days Sears,
having fed off excesses for decades, is dying. In twenty-thirty years, we may see
Amazon suffering the same fate.
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