Amazon.com Inc. said on Wednesday it is opening a general store in New York City that will sell toys, household goods and many other products highly rated on its website.
The news is basically Amazon’s latest incursion into the turf of rivals such as Target Corp.; Amazon, the world’s largest online retailer, is increasingly turning to physical stores to please customers.
Michael Pachter, an analyst at Wedbush Securities, said Amazon will add new stores if the format takes off, but he expects it may not. “If I’m looking for a television and the store is full of kitchen appliances, it doesn’t help me very much,” he said.
Also, grocery remains the other key category for Amazon’s brick-and-mortar play. The company bought Whole Foods Market in a $13.7 billion deal last year. It is also rolling out smaller grocery shops known as Amazon Go, where in-store technology allows customers to walk out with items and have their credit cards billed without having to stop and see a cashier.
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.04
-0.39% -
USD/JPY
157.17
+0.38% -
GBP/USD
1.25
-0.35% -
AUD/USD
0.62
-0.45% -
GBP/JPY
196.77
+0.03%
-
Shopify Inc.
108.59
-0.19% -
Microsoft Corporation
433.82
-0.6% -
Tesla, Inc.
427.37
+0.05% -
NVIDIA Corporation
136.34
+0.61% -
Apple Inc.
253.93
-0.37%
-
Gold
2610.92
-0.42% -
Crude Oil WTI
68.59
-1.12% -
Crude Oil Brent
71.77
-1.24% -
Silver
29.47
-0.37% -
Natural Gas
3.33
-4.66%
-
US 100
21256.18
-0.35% -
US 30
42563.24
-0.86% -
US 500
5918.6
-0.55% -
GER 30
19804.85
-0.34% -
US 2000
2222.54
-1.33%
-
UltraPro Short QQQ
29.97
+0.74% -
S&P 500 ETF
588.97
-0.23% -
20+ Year Treasury Bond ETF
87.82
-0.29% -
Daily Junior Gold Miners Index
36.69
-1.61% -
Gold Miners ETF
33.94
-0.44%
Your capital might be at risk
Related posts
Navigating the Markets: ETFs vs. Stocks
How to Analyse Stocks for Trading
Trading Method for a Falling Market: Short Selling Stocks
The Electric Car Race: 3 Auto Stocks for 2024
What Is Swing Trading and How It May Be Applied?
Top AI Stocks to Watch
Economic Factors for Stocks: What Should You Be Paying Attention To?
ETF — the Most Diversified Trading Instrument