I've long thought that Barnes and Noble would suffer the same fate as Borders, at the hands of Amazon. And I personally have been buying more and more online in the past few years, to the direct detriment of WMT and TGT. And we all know this is a trend that has been growing and is likely to continue. But is it enough to scare you out of big retail names like WMT and TGT for the long term?
My answer so far has been a cautious "no," but then I read this today: Online purchases now make up 18 percent of all retail sales, and the trend is pointed sharply up.
I'm not going to trade all of my WMT, TGT, and others for AMZN shares this afternoon, but I'll be thinking about my retail allocation more seriously from here on out.
What do others think?
My answer so far has been a cautious "no," but then I read this today: Online purchases now make up 18 percent of all retail sales, and the trend is pointed sharply up.
I'm not going to trade all of my WMT, TGT, and others for AMZN shares this afternoon, but I'll be thinking about my retail allocation more seriously from here on out.
What do others think?