The Big Story
The news flow from and about Amazon over the past week has been amazing and relentless – starting with the announcement of Amazon’s $13.7 billion purchase of Whole Foods, to the beta launch of Prime Wardrobe (the Stitch Fix-like service that lets consumers try on apparel and accessories at home before they buy) and the pending agreement with Nike to sell its products directly on Amazon.com. These developments have inspired analysts to speculate about Amazon’s next disrupting move, whether it will be in pharmacy or furniture sales (Ikea just began selling on Amazon.com), or if Amazon will just acquire one or more of the biggest names in retail. Companies mentioned as potential acquisition targets include the aptly-named Target, as well as Nordstrom, Lululemon, Gap, BJ’s Wholesale Club, and even Warby Parker. With a market cap of almost $500 billion and no net debt, Amazon certainly has the financial ability to buy almost any business it wants.