Traditional Retailers Deserve Death

Entrepreneurship

After a week in Miami, I got back home to San Francisco. As I was opening my mail, I got this letter from Macy's. It told me that a store that I've never been to is closing.

There are so many things wrong with such a move. At some point, someone had a meeting about doing this. They thought it would be a good idea to inform customers of a store closure. A store to which they have never been to. No data correlation. No omnichannel strategy. Nada.

Some traditional retailers deserve pain. This is lunacy and a waste of marketing dollars.

I love shopping offline and local. That said, the ones that don’t innovate will die pretty fast.

If Macy's does stupid things like this and had US$24.9B in revenues last year, imagine what you can do when you start and scale your company. This is the beauty of venture capital and entrepreneurship.

Long live $SHOP and $AMZN + the entire sea of DTC founders out there. Short $M — Just mentally since I don't short stocks as a matter of principle.

Other blog posts

Transitioning

The past couple of weeks have been pretty exhausting. I am still in the process of moving to the East Coast and it is taking far longer than what I would have h

Read more

The most powerful force that made America prosper is wealth creation. Everyone blessed enough to live in the US will own a home at some point...Not anymore. 

Read more
Calm and Serenity

Go forward and do the work. Breathe. Continue to apply yourself and listen calmly to have proper judgment and rescue yourself back to serenity. 

Read more

Receive new essays as soon as they're published

You won't receive spam and you can unsubscribe at any time