News 

Amazon is quietly coming after dollar stores — and it’s a brilliant move

“The recent success of dollar stores and discount stores proves that there’s a market for these goods when marketed appropriately” writes Dennis Green for businessinsider.com. Though it launched quietly, the initiative is a clear move in on dollar and discount stores’ turf.Amazon is famous for its low prices, but not even it could compete with dollar and discount stores. Source: businessinsider.com Share This:

Read More
News 

Sir Martin Sorrell says Amazon’s ad business is a ‘pimple’ but will ‘grow violently’

“Sir Martin Sorrell, the CEO of advertising agency giant WPP, believes that Amazon’s ad business is slated to grow “violently,” but he says it won’t pose a threat to Google and Facebook” writes Ingrid Angulo for cnbc.com. “I referred to [Amazon] I think on CNBC before as a pimple, that’s probably a little bit unfair, but it’s certainly growing.With these numbers, he expects Amazon’s ad presence to “grow violently.”.  Source: cnbc.com Share This:

Read More
News 

Amazon threat to FedEx overblown, it’s the postal service that’s in trouble, JP Morgan says

“Amazon’s reported entry to delivery service won’t be as bad for UPS and FedEx as it will be for the United States Postal Service, according to a J.P. Morgan analyst in the space” writes unknown author for cnbc.com. “Sentiment remains cautious on the two stocks based on a heightened risk of disruption.We believe the headline overlooks the primary company at risk, which is the U.S. Postal Service,” wrote analyst Brian Ossenbeck. Source: cnbc.com Share This:

Read More
Markets News 

Walmart in Talks to Buy More Than 40% of India’s FlipKart

“It would be part of a huge e-commerce push that has seen Walmart acquire a slew of start-ups including paying roughly $3 billion for online retailer Jet.com” writes Min Read for reuters.com. It is also looking into expanding into grocery deliveries. “Walmart’s expertise in selling groceries and low-cost apparel could help Flipkart remain ahead in India’s e-commerce market,” said Satish Meena, senior analyst at Forrester.Besides its own e-commerce site, Flipkart owns fashion portals Myntra and Jabong, and controls nearly 40 percent of India’s online retail, ahead of Amazon, according to…

Read More
News 

Google has never revealed YouTube’s revenues — but one analyst who thinks that’s about to change says it’s a $15 billion business

“No, Google will probably have a $20 billion cloud business in five years” writes Shona Ghosh for businessinsider.com. It also doesn’t formally disclose how much it makes from its growing cloud services arm, Google Cloud.YouTube is probably a $15 billion business, and yet they don’t disclose that number.”.  Source: businessinsider.com Share This:

Read More
News 

ET Presidents’ Day Deals: Dell Laptops, 4K TVs, and more

“More Laptops and Desktop PC Deals here. 65-inch LG OLED OLED65B7A 4K UltraHD LED HDTV with HDR for $1999.99 at Massdrop (List price: $2299.99). 65-inch Samsung UN65MU6500 Curved 4K Ultra Smart LED HDTV and $350 Dell Gift Card for $999.99 at Dell (List price: $1499.99). 65-inch Vizio P65-E1 4K 120Hz Native LED HDTV with 126-Dimming Zones, Dolby Vision with HDR 10 and $400 Dell Gift Card for $1399.99 at Dell (List price: $1699.99). 65-inch Vizio D65-E0 4K UHD Smart HDTV and $250 Dell Gift Card for $799.99 at Dell (List…

Read More
News 

Jelly Deals: Squishy Metroid amiibo back on Amazon for Ł13

“Meanwhile, over at Jelly Deals, you can find a brand new guide to the best gaming headset in 2018 so far, as well as keep track of all the deals as they emerge on the Jelly Deals Twitter” reports eurogamer.net. A note from the editor: Jelly Deals is a deals site launched by our parent company, Gamer Network, with a mission to find the best bargains out there.While you’re looking at amiibo figures, by the way, you should know that pre-orders for the oversized Detective Pikachu amiibo are now live…

Read More
Markets News 

Amazon Bets on Band-Aids as Health Industry Braces for Shakeup

“Phyllis McCready, chief procurement officer for Northwell Health, said the New York health system has been meeting with Amazon for about a year” writes Robert Langreth for bloomberg.com. Deborah Templeton, chief of system support services at Geisinger Health System in Pennsylvania, says the system uses Amazon now on a limited basis for office supplies.The Internet giant is angling to become the go-to source for basic medical supplies such as latex gloves, bandages and sutures.But Amazon still must convince the health system that the cost of switching is worthwhile.Other companies that distribute…

Read More