On October 29, 2009
Amazon Must Move Beyond Retail
Every now and then I read an article so fundamentally smart that I want to hold people’s heads down to get them to see it. One today is by Martin Peers of the Wall Street Journal, in which he observes how a good portion of Amazon’s financial success depends on putting off paying its bills. And while he is right that eventually vendors won’t put up with it, the company is still largely in retail, which is dependent on that delay between money in and money out. That’s why Amazon has been working so hard to break out of the category, and why it must — because time is running out.
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