Dec 31, 2018
We can learn a lot from the failures of big box retailers like Toys ‘R’ Us. They demonstrate just how easy it is to run into trouble or go out of business. Over the last seven years, there has been a trend of big box retailers going out of business. It is undeniable that shopping is making a shift - and falling behind the current trends could lead to disaster.
If you are not an expert of the product lines or categories that
you sell in your Amazon business, then it is easier than ever to
follow the path of retailers that have fallen along the
So today we take a look at the big box retailers that have failed and the lessons every Amazon business owner can learn from their mistakes. We highlight why and how you can keep up with the consumer shopping changes and how your Amazon business can stay relevant. We share our thoughts on staying competitive, moving with the times, knowing your numbers, taking small steps, and the importance of having a niche as well as how becoming complacent in your business can set you on the downward spiral leading to failure.
“It’s not just looking at the here and now. It’s looking at what the potential is for the future.” - Amy Feierman
This week on the Amazon Files:
5 Lessons You Can Learn From the Failure of Big Box Retailers:
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Grow Your Amazon Business!
Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Use the codeword Seven Oneto join us on Facebook. Each week we host a live discussion on how to grow your Amazon business. Don’t forget to check out our website and subscribe to our mailing listfor even more resources.