Over the last year or two I have seen news of Amazon trying to stretch into every sector imaginable from physical retail to pharmacy etc. often there move into a new space was followed by a refrain of how they will crush existing businesses in that space and take it over, much like they took over the online retail space.
Now that they have been closing stores it is an important lesson that even Amazon can stretch themselves too far and it is impossible to be all things to all people. As a holder of CVS and SPG (malls), two big would be Amazon competitors, it is validating to see that Amazon cannot successfully infiltrate every segment. And it is a good reminder to investors that just because a juggernaut enters a new space, they are not guaranteed to successfully dominate.
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