- Amazon (NASDAQ:AMZN) plans to build four massive warehouses to help it deliver bulky items like appliances and furniture. The initiative is part of a strategy to expand furniture offerings and speed up delivery times.
- "Furniture is one of the fastest-growing retail categories here at Amazon," a top Amazon exec tells The Wall Street Journal in a statement that could send a shiver through the furniture and home furnishings sectors. It's also a business with some risk on the delivery cost side (just ask FedEx (NYSE:FDX) or UPS) and on the customer service end (installation/explanation).
- Amazon is expected to use more third-party logistic providers such as XPO Logistics (NYSEMKT:XPO) as it increases the push to deliver bulky items.
- Companies (BSET, ETH, FBHS, HOFT, LZB, SCSS, TPX, WHR, BBBY, HVT, KIRK, RH, WSM, PIR, BBY, HOME, W) that will have eyes on Amazon's new push stretch far and wide.
- Related ETF: IBUY
- Now read: Amazon's Q1: I'm Sticking With The Stock
Original article