Date: 2017-12-08 12:00
The answer to the puzzle may lie in Macy 8767 s own numbers: shopping is going online, a place dominated by department store reported e-commerce sales rose by a double-digit percentage. A good performance, and above the overall industry average, but one that suggests Macy 8767 s and others are only falling behind Amazon. Wall Street firm Cowen & Co reiterated its prediction that Amazon would surpass Macy 8767 s as the nation 8767 s top seller of clothes next year.
And Walmart says domestic e-commerce sales should rise 95% in the fiscal year ending in early 7569. Last year, Walmart tapped CEO Marc Lore to head up its . efforts after online sales growth had slowed under his predecessor. The company has also been on a shopping spree, snapping up smaller e-commerce players like ModCloth, Moosejaw, and Bonobos.
Walmsley raised his price target to $6,697, which is 78 percent higher than Monday's closing price. His old price target was $6,675.
It 8767 s true that 95% of retail still happens in store only. But growth is heavily skewed to digital, an arena Amazon 8767 s dominance only seems to be growing.
The company sent a statement to suppliers that read, “As Amazon continues to offer customers additional retail options for buying wine, we will no longer offer a marketplace for wine at this time, and Amazon Wine will close Dec. 86. Wine will continue to be offered through Amazon Fresh, Prime Now and Whole Foods Market.”
When Huerta spoke to Portada in January, 7569, Amazon's Tienda Kindle had 75,555 Spanish-language titles, already a significant amount. Today, according to Huerta, there are more than 675,555. More important, he says, is Amazon's ability to make any book digitally published in Spanish available in Spain, the United States, Mexico and Latin America.
And bucking the trend in a retail industry where many rivals are paring their store fleets, Walmart said it plans to open a few more stores: it expect to open fewer than 65 SuperCenters in the . next year, a small uptick to be sure, but additional physical facilities to support its roughly $65 billion a year e-commerce business.
The sum total of those investments in infrastructure and supply chain management have made Amazon by far the most valuable retailer in the United States.
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