Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Jeff Bezos is now $50 billion richer than anyone else on earth: Brad Tuttle at Time Money reports that Jeff Bezos’s wealth has reached an incredible new milestone. On Tuesday, according to a Forbes estimate, the Amazon founder and CEO had a net worth of $143.1 billion, making him at least $50 billion richer than any other person on earth. Bezos became the world’s richest man last summer when his net worth (then around $90 billion) surpassed that of Microsoft founder Bill Gates. Continue reading…
Five Characteristics Great E-Commerce Sites Have In Common: Roy Yamner at Forbes writes that technology has impacted every aspect of consumers’ lives. From the way we communicate with others to how we stay connected to the world around us to the way we shop. Nowadays, consumers don’t think twice about going online for everyday purchases, which has had a direct impact on brick-and-mortar. According to the U.S Commerce Department, online retail purchases experienced a 16% increase in 2017 compared to 2016. Continue reading…
Amazon Brand Agency Industry: Juozas Kaziukėnas at Marketplace Pulse writes that few traditional brands know where their consumers buy their products. Instead of having to do business with retailers of all sizes domestically and internationally, they rely on distributors to manage those relationships. As a result, they often don’t have a clear picture of all the retail locations their products are available at, but at the same time run a vastly simpler business. Continue reading…
How Much Can Amazon’s PillPack Acquisition Contribute To Its Overall Growth?: The Trefis Team at Forbes reports that Amazon made headlines again recently after acquiring online pharmacy PillPack for a reported $1 billion. While the acquisition isn’t huge considering Amazon’s sheer size or the revenues earned by PillPack last year ($100 million), the stocks of major pharmacy chains including Rite Aid (NYSE: RAD), Walgreens Boots Alliance and CVS Health dropped 8-10% on the day the deal was announced. This news wiped out nearly $13 billion in market cap from companies in the pharmacy sector. Continue reading…
Amazon’s stock rallies toward another record after analyst boosts price target to $2,000: Tomi Kilgore for Marketwatch.com reports that shares of Amazon.com Inc. AMZN, +0.33% rose 0.6% in premarket trade Thursday, extending gains made to a record close in the previous session, after Canaccord Genuity boosted its price target to $2,000 from $1,800. The new target, which is 14% above Wednesday’s closing price of $1,755.00, would give Amazon a market capitalisation of $970.5 billion. Analyst Michael Graham said investors appear to increasingly recognise that Amazon’s scale and pace of investment are creating long-term barriers to competition. Continue reading…
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