
Jeff Desjardins poses the following question in this report: “What has more value: all major publicly traded department stores in the United States, or Amazon?” The answer is Amazon. In the words of Mr Desjardins: “Add together the market caps of Walmart, Target, Best Buy, Nordstrom, Kohl’s, JCPenney, Sears, and Macy’s, and they amount to a significant $297.8 billion. However, it’s not enough to beat the Amazon machine. The online retailer alone is worth $356 billion, making it one of the largest companies by market capitalization in the world.”
Also, what a difference ten years make: “Ten years ago, the future of brick and mortar retail sill looked bright. The aforementioned retailers were worth a collective $400 billion, and Amazon was only valued at $17.5 billion.”