|Bid||87.40 x 900|
|Ask||87.42 x 400|
|Day's range||86.58 - 87.68|
|52-week range||73.13 - 109.98|
|PE ratio (TTM)||26.61|
|Earnings date||17 May 2018|
|Forward dividend & yield||2.08 (2.40%)|
|1y target est||105.56|
Amazon (AMZN) Chief Executive Jeff Bezos confirmed Wednesday that its Prime service now has more than 100 million paid members worldwide, more than the 90.3 number of people who are card-carrying members of retailer Costco’s (COST) club. Prime is pricey, either $12.99 a month when billed monthly, or $99 when billed annually. In fact, Amazon has also made a point of targeting low-income consumers, a possible reason the Prime membership may continue to grow.
Wall Street investment bank KeyBanc Capital Markets recently upgraded its rating on eBay (EBAY) stock to “overweight” from “sector-weight.” KeyBanc sees eBay stock closing the year at $50 per share. In a research note cited by MarketWatch, analyst Ed Yruma of KeyBanc shared details on why the firm is bullish on eBay.
Starting in April 2018, JD.com (JD) customers in China can browse and buy property online through the company’s e-commerce platform. Through a partnership with international property portal Juwai.com, JD allows its customers to browse real-estate listings for properties in the US, Britain, Australia, and Canada. For their offshore property shopping, JD customers can get assistance from Juwai experts in closing a deal.
Although Amazon’s (AMZN) decision to open a physical bookstore in the Georgetown neighborhood may have been motivated by Washington’s underserved book market, a physical presence in Georgetown could bring more benefits to the company. Georgetown is one of the wealthiest neighborhoods in Washington, D.C., and that could mean that a good number of residents there already subscribe to the Amazon Prime program. Perhaps planting a bookstore in Georgetown could help Amazon attract more Georgetown households to Prime or capture more spending from existing Prime customers in the neighborhood.
Amazon.com Inc. has bulls bellowing happily after revealing its Amazon Prime subscription program has topped 100 million members worldwide.
Whole Foods Market has sent an email to members of its loyalty program announcing that it will discontinue its rewards program and digital coupons starting May 2, indicating that it will soon be folded into the Amazon Prime program. “Stay tuned for additional announcements for Amazon Prime members,” reads the Whole Foods FAQ page focused on digital coupons, rewards and online accounts.
Amazon (AMZN) opened its first physical bookstore in Washington, DC, in March 2018. The company now boasts more than a dozen so-called Amazon Books outlets. The Washington-area bookstore also expands Amazon’s portfolio of physical stores, which now include more than 450 Whole Foods stores.
“The discounters have a roughly 31% market share of this $811 billion, but garnered 40% of the dollar growth in 2017,” they wrote. “This outsize share growth is not surprising, in our view, given the big investments being made by this group.” • Half of that dollar growth came at four companies, according to BMO: Walmart, Costco (COST), Aldi and Kroger (KR).
Amazon (AMZN) is preparing to release its 1Q18 results just as competition for low-income customers with legacy retailers such as Walmart (WMT) and Costco (COST) is picking up. In March, Amazon cut Prime membership fees for Medicaid recipients. With the cut, Medicaid recipients can purchase a Prime monthly plan for $5.99, instead of the regular price of $12.99 per month or $99 per year.
Devotees say they can save money with the meal replacement drink, but dietitians are more skeptical.
Last month, Alibaba (BABA) led a funding round that raised $866 million for China-based bike-sharing company Ofo. Alibaba was joined in the latest Ofo fundraising by investors including its finance affiliate Ant Financial, Haofeng Group, Junli Capital, and Tianhe Capital. Ant Financial, which operates Alibaba’s mobile payment service, Alipay, made a deal last year to acquire MoneyGram (MGI) for $1.2 billion. However, the US government blocked it from closing the deal on national security grounds.
Target stores in Florida and Texas are now offering drive-up service. The retail chain announced Tuesday customers can buy items without leaving their car. The service began last fall in Minneapolis, where the company is headquartered.
From ZTE overreaction to Sprint's misleading cheapness, here are four charts that tell you what you need to know in business today.
The Supreme Court sounded concerned Tuesday about doing away with a rule that has meant shoppers don't always get charged sales tax when they hit "checkout" online. The justices were hearing ...
Walmart teased a redesigned website, coming in May, in its bid to attract more online shoppers and fend off Amazon.
Amazon (AMZN) increased Prime program membership fee for monthly subscribers in January, and the upcoming 1Q18 report is expected to reflect the effects of the fee hike. Prime membership comes with numerous benefits, such as free delivery of items purchased on Amazon’s online retail site as well as grocery purchases from Whole Foods Market. Amazon acquired Whole Foods for $13.7 billion last year to bolster its position in the grocery sector, which is largely held by traditional retailers such as Walmart (WMT) and Kroger (KR).
Walmart (WMT) plans to reform website with increased levels of personalization, informal photographs as well as extensive range of fronts and colors.
Kraft Heinz (KHC) stock is already down about 21.3% on a YTD basis as of April 16, 2018. Analyst Robert Moskow of Credit Suisse remains skeptical about the prospects of packaged food manufacturers and expects sales and margin headwinds to restrict the upside potential of these companies.
Walmart appears to be translating tax savings into price cuts to gain market share, triggering a downgrade of so-called value retailers like Big Lots, Dollar General and Dollar Tree.