Category: Amazon Tech

Walmart And Target Are A Step Ahead Of Amazon

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Traditional brick and mortar retailers Walmart and Target are a step ahead of Amazon in the delivery battleground: while Amazon is offering 1-day delivery Walmart and Target are already moving to same-day.

That’s according to retail equity analyst John Zolidis.

“It may be tempting to think that Amazon investing $800 million to move its Prime offer of 2-day shipping to 1-day delivery will put incremental pressure on large retailers,” he says.  “However, this move is not a surprise.  We spoke with Wal-Mart (WMT) CEO Doug McMillon about this in October last year. He told us that same-day delivery, not 1-day delivery, was going to be the real battleground.”

McMillon is right. As was discussed in a previous piece here something has changed in the retailing industry in recent years.

Instead of fading away into the archives of history, brick and mortar retailing has come back to complement and support on-line retailing. Shoppers are placing orders online and are picking up merchandise at neighborhood stores, saving time and avoiding shipping fees.

That’s especially the case for groceries, where speed of delivery is a crucial factor in maintaining freshness.

The merging of online retailing with traditional retailing has provided an advantage to retailers with extensive neighborhood store presence like Walmart and Target. “Both WMT and Target (TGT) are already at a huge advantage over AMZN in this respect — because both retailers already have product stored within a short driving distance of the vast majority of the U.S. population in their respective 1,000’s of stores,” notes Zolidis. “Further, both retailers are offering not just delivery (Target already has same-day delivery via Shipt) but various options for BOPIS (buy online pickup in store).

Amazon, Walmart, and Target Shares YTD

Amazon, Walmart, and Target Shares YTD

Koyfin

Then there are pick up points to enhance convenience. “WMT now has pickup towers in-store and are installing these across the chain, and it has established drive-through pick-up grocery lanes and is continuing to add these at a rapid pace,” adds Zolidis.  “Target is offering similar services and installing dedicated counters for customers to more conveniently grab items on the way home from work or after picking up kids from school. Target will also bring pre-ordered items out to your car in the parking lot.”

The strategy has been paying off. The two retailers have reported a rebound in both online sales and retail sales in recent quarters.

Simply put, Walmart and Target have changed the game in the retailing industry. And they have brought Amazon back into the world of the neighborhood store it once sought to eliminate by acquiring traditional retailers like Whole Foods — and by planning to open more grocery stores around the country to cater to markets not served by Whole Foods, as recently announced.

That’s why Zolidis thinks that investors would be making a mistake selling Walmarts and Target’s shares at this point.

“In our opinion,” he concludes, “it would be a mistake to sell large retailers on this announcement (WMT & TGT) as they have anticipated this for some time and are already rolling-out corresponding services.”

My recent book The Ten Golden Rules Of Leadership is published  by AMACOM, and can be found here. 

I’m Professor and Chair of the Department of Economics at LIU Post in New York. I also teach at Columbia University.

Source: Walmart And Target Are A Step Ahead Of Amazon

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DoorDash And Amazon Won’t Change Tipping Policy After Instacart Controversy; If You’re Worried, Carry Cash

The tipping controversy that prompted Instacart to reverse a compensation plan to its contract workers isn’t likely to go away: Rivals DoorDash and Amazon Flex are continuing to adjust driver pay based on how much they get tipped, saying doing so ensures a minimum payout. The practice, which has its roots in the way brick-and-mortar restaurants pay waitstaff, has been adapted to suit the needs of app-based delivery companies…………

Source: DoorDash And Amazon Won’t Change Tipping Policy After Instacart Controversy; If You’re Worried, Carry Cash

Amazon Becomes World’s Most Valuable Company for the First Time Ever With a Market Value of $797billion – Surpassing Microsoft — BCNN1 WP

Amazon has become the world’s most valuable company for the first time, surpassing Microsoft. The shift occurred Monday after Amazon’s shares rose 3 per cent to close at $1,629.51 and lifted the e-commerce leader’s market value to $797billion. Meanwhile, Microsoft’s stock edged up by less than 1 percent to finish at $102.06, leaving the computer […]

via Amazon Becomes World’s Most Valuable Company for the First Time Ever With a Market Value of $797billion – Surpassing Microsoft — BCNN1 WP

Retail Giant Amazon Can Benefit From Ripple and XRP, Says Cory Johnson

Ripple’s chief market strategist Cory Johnson says retail giants like Amazon could benefit from Ripple’s suite of cross-border payment solutions. At Cornell’s Entrepreneurship Summit in New York City, Johnson talked about Ripple’s mission to dramatically improve the speed and lower the cost of cross-border payments. When asked where he sees Ripple in 10 years, Johnson said he can see the company’s technology playing a key role in helping some of the world’s biggest companies move money and pay their employees in a timely, efficient and low-cost manner.

Source: Retail Giant Amazon Can Benefit From Ripple and XRP, Says Cory Johnson | The Daily Hodl

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Amazon Partners On New Ethereum Marketplace For Enterprises – Sarah Hansen

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Kaleido, a startup that aims to help enterprises implement blockchain technology, has launched a new platform in collaboration with Amazon Web Services (AWS). Kaleido Marketplace will provide tools and protocols for all the components of new blockchain projects, “from the app all the way to the chain,” founder and CEO Steve Cerveny told Forbes. Commodities platform Komgo, whose network of financial institutions includes Citi, ING, Koch Supply and Trading, MUFG Bank, Societe Generale, Credit Agricole Group, BNP Paribas, and Shell, is a current client…………

 

 

 

 

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Amazon Survived an Asset Bubble — Bitcoin Will Too: Crypto VC – Mark Emem

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For the co-founder and partner of cryptocurrency firm CryptoOracle, Lou Kerner, patience is key when it comes to investing in bitcoin.

Speaking to CNBC, Kerner said bitcoin investors should take comfort in the example of tech giant Amazon, which lost significant value when the dot-com bubble burst but has now emerged as the world’s largest online retailer by market capitalization.

“If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years,” Kerner said in an interview with the business news channel.

Not for the Faint-Hearted

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AMZN | BATS

According to Kerner, investing in bitcoin and other cryptocurrencies requires one to have the stomach for handling volatility. The current market weaknesses of crypto, per Kerner, can be attributed to the fact that digital assets lack underlying value other than confidence. In Kerner’s view, the bearish sentiment will, however, pass as the case for bitcoin as a store of value takes hold:

“I think it’s a store of value. I think it’s the greatest store of value ever created. It should surpass gold over time. It won’t happen overnight.”

With the market capitalization of bitcoin currently under US$80 billion at current prices, the flagship cryptocurrency would have to appreciate more than a hundredfold to reach gold’s status.

In his own words, much of the faith Kerner has in bitcoin can be attributed to a law coined by Roy Amara, a professor at Stanford University, which states that in the short term, the impact of transformative technology is overestimated while in the long term the impact is underestimated.

Bulls Still Standing

Kerner is not alone in holding a bullish view of bitcoin despite the prevailing bearish conditions. As CCN recently reported, the co-founder of Fundstrat Global Advisors, Tom Lee, still maintains that bitcoin will hit the US$15,000 price target by the end of this year.

Terming the recent market downturn an “awkward transition,” Lee is optimistic that institutional investors will embrace crypto in larger numbers once there is regulatory clarity.

Another diehard bitcoin bull who has not wavered in the current bearish climate is the co-founder and CEO of Blockstream, Adam Back. Earlier this week, Back projected in a tweet that in the coming years bitcoin could be trading in the US$250,000 to US$500,000 range:

“I consider $250k-$500k/BTC plausible in the years ahead, from the digital gold, censor-resistent competitor to physical gold, and internet native digital money.”

 

 

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Black Friday, Cyber Monday sale: Amazon Selling 120 Million ‘Made in India’ Products Worldwide – Livemint

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New Delhi: This year’s Black Friday sale and Cyber Monday sale in the United States and other parts of the world will have a desi touch as e-commerce giant Amazon has teamed up with over 37,000 Indian exporters to sell more than 120 million ‘Made in India’ products.

In a statement, Amazon said customers shopping on Amazon can avail exclusive deals on ‘Made in India’ products from across categories such as electronics, accessories, cookware, clothing, luxury products, toys, home décor, art & crafts, etc during the Black Friday sale.

The ‘Made in India’ products are being sold to Amazon customers worldwide for the biggest shopping season in the US and some other countries under Amazon’s Global Selling Program.

“I’m very excited for the international holiday season on Amazon, particularly Black Friday and Cyber Monday. Last year, it was our first global sale season on Amazon and we did 2X of our regular sales, which was completely unexpected. This year we’ve invested a lot more in our portfolio of products, added enhanced content, continuing to use FBA, and expect a surge of 3-4X from last year sales,” said Mobashir, owner of Estalon and a seller under Amazon’s Global Selling Program.

Cyber Monday was the single biggest shopping day worldwide for Amazon last year, and the biggest day ever for small businesses and entrepreneurs selling on Amazon. Customers ordered nearly 140 million items from small businesses alone.

Even Indian exporter on Amazon witnessed a revenue growth of over 1.5X year on year during Black Friday and Cyber Monday shopping season in 2017. Products in categories such as home, books, health and personal care, apparel, beauty, and office products were the most popular. In 2018, in addition to the popular categories of 2017, newer products in categories such as checkbook covers, sling bags, Christmas bedding, tool aprons, personalized wallets, aroma oils, etc. will be offered on exclusive deals during the shopping season.

A significant number of products have already been shipped to Amazon Fulfilment Centres worldwide to facilitate one day delivery to Amazon Prime members. Customers shopping on Amazon will have a fast and reliable delivery experience during the upcoming shopping season for ‘Made in India’ products.