FYI: Some 20 years ago, a low rumbling of change began to build in the retail industry. Remember when Amazon, despite losing billions of dollars a year, started to eat the market-share lunch of bookstores?
There was clear disruption going on, but really in a small material way back then. However, there were those who saw the future, and extrapolated that what Amazon was doing to bookstores would happen across retail. Many scoffed.
Regards,
Ted
http://www.etf.com/sections/blog/retail-etf-returns-reflect-industry-upheaval?nopaging=1
