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Wednesday, May 8, 2019

Amazon could still buy Target


Earlier this year, Munster made a prediction that the e-commerce giant would buy the brick-and-mortar chain by year’s end — something he said would fit with Amazon’s slow adoption of physical stores. “In fact, our belief that online retail will eventually represent 55% of US retail sales is one that will take place over a very long term — at a glacial pace, and Amazon is playing the long game in brick and mortar retail,” Munster wrote.


Target has about 1,850 stores. But no matter the number, Amazon needs to do a lot more in brick-and-mortar”. Amazon may make a bigger move into physical stores this year, according to one analyst. Loup Ventures' Gene Munster is predicting the internet e-commerce company will buy Target in 2018.
I rank Whole Foods number one over every grocery retailer Amazon could acquire for one reason: Amazon can also acquire Target and open Whole Foods Markets inside Target's stores.  Amazon + Target + Whole Foods just make sense. Amazon acquired Whole Foods and it's certainly possible that Amazon can still acquire Target.


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