CircuitCity Broke, Interesting Times for Etailers

CircuitCity files for bankruptcy today. A whole series of US retail chains Boscov’s, Sharper Image, Mervyns, Linens ’n Things, Whitehall Jewelers and Steve & Barry’s filed for bankruptcy protection in 2008. Good news for Amazon and the 1000s of smaller etailers. The recession speeds up the shift from traditional retail towards etail. Predicted 10 years ago, but eminent today. As Amazon and in NL BOL.com have reported double digit growth figures, the picture is clear.

The recession speeds up the virtualization of Western economies. The dramatic events in the financial world are continuing, now that Citigroup wants to split itself up after reporting almost 19 Billion USD losses over 2008.

As long as governments are able to limit the fall-out, I think this cleanup in the financial and retail industries are extremely healthy. Also the boost in investments in green energy and green infrastructures is really promising. The election of Obama can mark a new era.