Amazon will buy Target this year, influential tech analyst predicts
Internet giant says it shipped over five billion items worldwide via its subscription-based Prime service in 2017
London
AMAZON.COM'S shake-up of the retail landscape may not be over, according to one well-known technology analyst.
The Internet giant will acquire discounter Target Corp, Loup Venture co-founder Gene Munster wrote in a report highlighting eight predictions for the technology industry in 2018. Amazon made waves in retailing last year with its US$13.7 billion purchase of upscale grocer Whole Foods Market.
"Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count," Mr Munster wrote, noting both companies focus on mothers and families…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand
China knockoff raid jolts a global throng of fake-fashion influencers
Roche cuts pipeline after research setbacks and sales drop