> That is why comparing Walmart to AMZN is not Apples to Apples.
Right. Walmart has a much higher cost structure and eats up much more cash flow in capital expenditures much faster.
Also the demographics they serve are quite different. Walmart caters to those who are most likely to be credit strapped. Amazon caters to the more highly educated, highly employed, high income segment many of whom are unlikely to be reducing credit card usage at Amazon. In fact, the recession has made such shoppers aware that better values can be found online so while credit card along with cash usage may drop at brick and mortar it will rise where better values can be found online, such as at Amazon.
better values? More like an uneven playing field where the loophole is about to close, combined with less credit card use and cash purchases. You are a bubblehead fool! The BAGDAD BOB OF THE AMZN MESSAGE BOARD.
I predict AMZN will buy a bricks an mortar presence otherwise there's only so much "credit" expansion they can get on sales on the net. Sort of like having super AAPL stores. Cater to the upscale all you want, this Secular recession is going to eat up the credit scale slowly and retard credit card internet consumer growth rate purchases. That's why you bubbleheads arguing that the Kindle book story is overblown are missing why maybe AMZn is rolling over, credit card $ purchases on the internet are going to level out due to reduced credit card use.