A mall CEO says Amazon may open 300-400 bookstores in the US. Warby Parker and Bonobos have done similar things. Are malls the last mile for online retailers? Scott Johnson and Tom Merritt discuss.
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Tom – I’m not sure why the tech community is so flabbergasted about Amazon going physical. It seems to me that they are taking a natural growth path. In their era, Sears, J.C. Penny, and Montgomery Wards are just 3 big examples of companies that had huge catalog and physical businesses running side-by-side. Direct-ship to customer or in-store pickup were long time features. The only thing that is different is the absence of a paper catalog and the communication technique. It sounds to me like Jeff Bezos is taking a cue from the past.