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Amazon-Target intrigue again

Published 12/08/2018, 10:36 AM
Updated 12/08/2018, 10:36 AM
© Reuters. Amazon-Target intrigue again
  • Loup Ventures analyst Gene Munster continues to believe that Amazon (NASDAQ:AMZN) acquiring Target (NYSE:TGT) would make sense as the company looks to rapidly grow its physical retail presence to compete head on with Walmart (NYSE:WMT).
  • "Amazon’s core retail competency lies in logistics (not merchandising). The Amazon Go initiative, for example, works so well because it leverages logistics in physical retail," writes Munster.
  • While Amazon operates 107 of its own physical retail stores (including Amazon Go, Amazon 4-star, Amazon Pop-Up, and Amazon Books) and has ~500 Whole Foods Market (NASDAQ:WFM) stores in its portfolio, the Seattle giant would still by dwarfed by Walmart's +11K stores even after it does set up the 3K cashier-less stores as has been reported.
  • In full disclosure, Munster postulated something similar about a year ago, but adding intrigue to the new note is the 24% drop in Target's share price over the last 90 days.
  • Now read: Stocks To Watch: Tencent Music, Starbucks (NASDAQ:SBUX) And Under Armour In Focus


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