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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Molson Hart‏ @Molson_Hart 15 Jan 2019
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      Molson Hart Retweeted Mitch Nolen Retail

      Ouchhttps://twitter.com/mitchnolen/status/1085341044831473664 …

      Molson Hart added,

      Mitch Nolen Retail @mitchnolen
      Dismal department store holiday sales: ▶ Kohl's: +1.2% $kss ▶ Macy's: +0.7% $m ▶ Nordstrom*: +0.3% $jwn ▶ Stage Stores*: -0.4% $ssi ▶ JCPenney: -3.5% $jcp ▶ Sears: Bankrupt. $shld ▶ Bon-Ton: Liquidated. $bont *dept. stores, not off-price. All numbers include e-commerce.
      1 reply 0 retweets 1 like
    2. Yet Another Ryan‏ @so_many_ryans 15 Jan 2019
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      Replying to @Molson_Hart

      They are primarily import stores and the USD was at multiyear highs. The items they sell have been getting rapidly cheaper. Here is the apparel component in CPI index. Fell nearly 4% this year. It'd be interesting to see unit volumes.pic.twitter.com/nJMxkmvuwG

      1 reply 0 retweets 0 likes
    3. Molson Hart‏ @Molson_Hart 15 Jan 2019
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      Replying to @so_many_ryans

      I'm skeptical. How do you know it's from USD/CNY and not from markdowns? Also, if it were USD/CNY, you wouldn't see Amazon blowing out 2017's sales and I haven't seen the numbers, but I'm sure they did.

      1 reply 0 retweets 0 likes
    4. Yet Another Ryan‏ @so_many_ryans 15 Jan 2019
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      Replying to @Molson_Hart

      Good point, Usd.cny has been more stable than most currencies as well, so not as much effect for China. Possible decrease in prices due to productivity improvements? Amazon only a tiny portion of overall retail sector, esp excl electronics and media, hard to know their impact.

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart 15 Jan 2019
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      Replying to @so_many_ryans

      No productivity improvements in retail. You're right that is Amazon has low marketshare when you look at overall retail (which includes cars, gas, food, etc.), but if you look at the stores above which experienced -SSS, that's Amazon territory.

      6:48 PM - 15 Jan 2019
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      • Yet Another Ryan
      0 replies 0 retweets 1 like

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