Sears, J.C. Penney, Kmart, Macy's: These retailers are closing stores in 2017
As online shopping gains more popularity, retail stores like Macy's and Sears are closing hundreds of storefronts and focusing on their presence on the internet. USA TODAY NETWORK 03.22.2017
“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself." ― George Bernard Shaw, Man and Superman
As Amazon's dominance grows, suppliers are forced to play by its rules
CNBC 12.21.2017
Because of its growing market power, Amazon has immense leverage over its suppliers.
One supplier, who declined to be identified due to privacy concerns, said Amazon reviews its contract every year and plays hardball tactics to put pricing pressure on its deal. Some of the concessions include forcing the supplier to take on more of the freight cost between warehouses, or to buy more ads on Amazon, in return for remaining a major wholesale partner.
"It's just a never-ending ask on every line item," this person said. "Every year they try to get more, so we fight with them every year not to give it up.
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