Amazon Move’s Into The Brazilian Market – CWEB.com
Amazon.com (NASDAQ:AMZN) has met with Brazilian manufacturers to talk about plans to stock and sell products from electronics to perfume directly in country, a major move from serving only as a third-party marketplace, Reuters reports.
The retail powerhouse would use its own transportation and call centers there to run the operation, according to the report, and store goods at facilities in Greater Sao Paulo.
Shares approach new all-time high.
Hugh upgrade details more upside.
Wal-Mart (NYSE:WMT) continues to struggle compare to Amazon which is growing and expanding on daily bases.
Add two more areas where Amazon (NASDAQ:AMZN) can deliver Whole Food groceries in under two hours – Atlanta and San Francisco.
Amazon first announced the Prime service last month and kicked it off in four markets: Austin, Cincinnati, Dallas and Virginia Beach.
More perks? The company recently announced that shoppers who pay with their Amazon Prime Visa card would start getting 5% back at Whole Foods.
Regardless of higher rates, Amazon is well positioned to weather out any mid-cycle fluctuations.
Amazon competitors are:
Sears (NASDAQ:SHLD) which trades around $3 with a huge upside coming soon after ER
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.