Amazon to buy Target?

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    Gene Munster thinks this is the year Amazon buys Target.

    “Target is the ideal offline partner for Amazon due to its shared customer demographic and manageable but comprehensive number of stores.” That’s from Munster’s 2018 predictions.

    Predicting the timing is hard, he says, but “seeing the value of the combination is easy.”

    Among the top 18 U.S. retailers (including grocery), Walmart has ~23% share and Munster estimates an Amazon/Target combination would have ~13% share.

    #109233 Reply

    BBG’s Kristine Aquino:

    While this may be taken positively by Amazon shareholders, it doesn’t bode well for retail sector jobs and, in turn, wage growth.

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