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When Buffet speaks, people listen:
Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead.
The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.
Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.
Yes, but is he still long on Big Cola?
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Warren Buffett Drops Walmart -- Signals Death of Retail as we know it
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Everything you know is wrong!
(Score: 2) by butthurt on Thursday February 16 2017, @03:42PM
I think his point is that their prices will have to rise.
That can be expected under a regime of higher tariffs. I would expect that Amazon and Walmart could still offer lower prices than smaller distributors. Their huge distribution networks afford them economies of scale and give them bargaining power with manufacturers, which are part of their pricing advanage. "Toothpaste, toilet paper, and food," as the OP reminds us, will always be in demand. Higher prices may mean that people consume less, but that needn't mean lower profits for retailers.