Hiptoro
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Gaming
  • Technology
No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Gaming
  • Technology
No Result
View All Result
Hiptoro
No Result
View All Result

Amazon buying Target would ‘accelerate an existing threat’ to Walmart, says analyst

by Ketakee Srivastava
7 years ago
in Business, News
Reading Time: 1 min read
0

In the beginning of 2018 Gene Munster of the Loop Ventures which is a venture capital firm and a widely followed analyst had made a prediction that the largest e-commerce giant will be buying Target this year.

This forecast by Munster is yet to pan out since only 22 days are left for the year to end.

However, the Loop Ventures just doubled down on the prediction of Munster stating in a new note that this deal of Amazon buying Target still makes sense. The company published a post related to Amazon and Walmart on Thursday.

At the end of the post the managing partner at the Loop Ventures, Andrew Murphy added a statement the prediction of the company that Amazon will be acquiring Target in 2018 was actually wrong.

Source: Media Spokesperson

He further added that the firm continues to believe that the combination of Amazon and Target makes much sense because the e-commerce giant needs to acquire Target so as to continue with its growth in the retail sector.

BusinessInsider reported that in an interview on Fiday, Munster told it the though the timing of the deal as well as acquisition is difficult to predict accurately but apparently it will be get done from now to 2021.

A deal of this sort will be a big threat to Walmart which already had 5,000 stores in the United States.

Source: WSJ

According to Munster the acquisition of Target by Amazon will only accelerate the threat which already exists to Walmart.

Murfy believes that Amazon lacks a hold in the areas of product design as well merchandising and acquiring Target will allow it to compete more effectively in those areas.

He stated that this acquisition will then bolster the brick and mortar foray of Amazon.

Source: Market Insider, Business Insider

 

TRENDING NOW

Benson Boone

Benson Boone’s Wiki: Age, Bio, Music Career, Net Worth

June 4, 2025
Ronnie Shacklett

Who is Ronnie Shacklett? All About Brenda Lee’s Husband

June 4, 2025
Ariana Madix

Ariana Madix’s Age, Bio, Career, Vanderpump Rules, Net Worth

June 4, 2025
Cheryl Hines

Cheryl Hines’ Wiki: Age, Bio, Career, Husband, Net Worth

June 4, 2025
Megan Moroney

Megan Moroney Bio: Age, Music Career, Family, Net Worth

June 4, 2025
Kliff Kingsbury

Kliff Kingsbury’s Bio – Age, NFL, GF, Coaching Career, Net Worth

June 4, 2025
hiptoro logo
  • Contact Us
  • Disclaimer
  • Copyright
  • About Us
  • Write for Us
  • Ethics Policy
  • Fact Checking Policy
  • Terms and Conditions
  • Privacy Policy


© 2023 Hiptoro Private Limited.

No Result
View All Result
  • Entertainment
    • Celebrities
  • Sports
    • NBA
    • WWE
    • NFL
  • Movies
  • TV Shows
  • Anime
  • Gaming
  • Technology