One chart shows how terrible a decision it has been to bet against Amazon (AMZN, FB, GOOGL)
|11/20/2017||Posted by BusinessMediaguide.Com under General World News||
- Thousands of traditional retail stores are closing down as more people shop online.
- A chart from T. Rowe Price shows that investors who stuck with the sector are most likely badly burnt.
- Amazon’s stock performance has far outpaced a basket of traditional retailers and the broader stock market.
Investors who stuck with traditional retail companies over the last few years were going against a ferocious tide.
More than 6,400 store closings have been announced this year alone by chains from RadioShack to Kmart. That’s primarily because more people are shopping online, and especially at Amazon.
The read more >>>