As the price of Amazon stock climbs close to $1,000 per share, with a $464 billion market capitalization – more than twice that of Wal-Mart – a retail apocalypse is starting to become evident. Retail sales and mall traffic is declining and mainstream retailers such Macy’s badly miss their earnings estimates ( while JC Penney and Sears are seen as almost done by many). In a world where Wall Street affords Amazon a price / earnings multiple of 179 against Wal-Mart’s 17, who can possibly compete against Amazon? At Cowen’s third annual “Future of the Consumer” conference, successful retailers weighed…
Who Can Compete Against Amazon?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.