Business

6 Popular Companies That Are About To Be Gone Forever

There’s no question that Amazon is a business juggernaut. From its humble beginnings as an online bookstore to its current form as the company responsible for 43 percent of all online sales, it appears to only be getting more and more powerful. Except, its world-conquering successes don’t mean great things for other businesses.

Obviously, brick and mortar stores have a hard time competing with the convenience of Amazon, but even other online services are suffering in the face of the retail giant’s takeover. Here are just some major companies that are being killed by Amazon. Hopefully, they’ll figure out a way to adapt before they die out!

1. Best Buy

Best Buy

This electronics superstore has spent several years competing with Amazon for customers. Thankfully, the Geek Squad was its secret weapon, helping to give it that extra edge. For a time, it seemed to be working…

Geek Squad

Unfortunately for Best Buy, though, Amazon plans to launch a similar service. Tragically, this new move could mean serious trouble for the future of this former electronics titan.

2. Battery companies

Battery

Today, only about five percent of batteries are purchased online. However, of those online sales, about 90 percent of them come from Amazon, and the shopping giant is also looking to develop its own brand of battery. So, watch out…

By 2025, 17 percent of battery sales are expected to be online, so this could spell trouble for companies like Energizer. If Amazon keeps making its own brands like this, even more companies will be in trouble.

Energizer

3. Department stores

Department store

Once-powerful department store chains like J.C Penney, Kohl’s, and Macy’s are having a hard time staying afloat. It used to be that department stores were a luxurious destination for shoppers, but not now.

“Internet retailers (led by Amazon) have added $27.8 billion to their apparel revenue since 2005, while department stores have lost $29.6 billion,” analysts for Morgan Stanley said in 2016.

Macy’s

4. High-end retailers

Even high-end retailers like Nordstrom are getting hurt by Amazon. According to Jim Cramer, host of the CNBC television series Mad Money, Amazon simply has a better understanding of their consumer base.

5. Sears

In general, just about any department store that sells apparel has been severely threatened by Amazon, and Sears, which was once a giant in the industry, has been no exception.

Sears

6. Delivery apps

Amazon has been moving into the food delivery and the restaurant business, which has been bad news for services like GrubHub and other food delivery applications.

Delivery app

It’s pretty incredible that just one company can have such a powerful effect on so many different industries. Hopefully, these competing businesses—as well as the people working for them—will learn to evolve to keep competition fierce!