Latest news with #onlineRetail
Yahoo
4 hours ago
- Business
- Yahoo
Moffett Nathanson Remains Bullish on Amazon.com (AMZN), Raises PT to $253 from $250
Inc. (NASDAQ:AMZN) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. In a report released on June 25, Michael Morton from Moffett Nathanson maintained a Buy rating on Inc. (NASDAQ:AMZN), raising the price target on the stock to $253 from $250. A customer entering an internet retail store, illustrating the convenience of online shopping. Morton reasoned that Inc. (NASDAQ:AMZN) is well-positioned to exceed profit expectations in 2025 and 2026, even if cost pressures increase in its cloud unit, Amazon Web Services (AWS). Inc. (NASDAQ:AMZN) is a multinational technology company that provides online retail shopping services. It operates through the North America, International, and Amazon Web Services (AWS) segments. Its AWS segment covers global sales of storage, computers, databases, and other services for government agencies, academic institutions, startups, and enterprises. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
Moffett Nathanson Remains Bullish on Amazon.com (AMZN), Raises PT to $253 from $250
Inc. (NASDAQ:AMZN) is one of the 13 Best Long Term Growth Stocks to Invest in Right Now. In a report released on June 25, Michael Morton from Moffett Nathanson maintained a Buy rating on Inc. (NASDAQ:AMZN), raising the price target on the stock to $253 from $250. A customer entering an internet retail store, illustrating the convenience of online shopping. Morton reasoned that Inc. (NASDAQ:AMZN) is well-positioned to exceed profit expectations in 2025 and 2026, even if cost pressures increase in its cloud unit, Amazon Web Services (AWS). Inc. (NASDAQ:AMZN) is a multinational technology company that provides online retail shopping services. It operates through the North America, International, and Amazon Web Services (AWS) segments. Its AWS segment covers global sales of storage, computers, databases, and other services for government agencies, academic institutions, startups, and enterprises. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
RNZ News
15 hours ago
- Business
- RNZ News
Georgie Falloon: Big Shoes to Fill
25 years ago, Wairarapa farming woman Georgie Falloon founded a business that became the first ever online shoe retailer in NZ. Georgie thought shoes were supposed to be painful. She grew up with large feet (size 11 age 12), shopping for school shoes in the men's department. As a young woman, she usually wore sports shoes. When she couldn't find a pair of pretty shoes to wear to her wedding, she founded Willow Shoes for Long Feet. Photo: supplied
Zawya
a day ago
- Business
- Zawya
South Africa: Takealot grows revenue to fend off Amazon rivalry
South African online retail group, Takealot grew its full-year revenue by 15%, with growth supported by investments in logistics, enhanced customer offerings and its subscription service as it faces competition from new market entrant Amazon. Technology investor Naspers said that Takealot Group's revenue rose by 15% in local currency to $872m for the fiscal year ending 31 March. Despite this growth, the group posted an adjusted EBIT (earnings before interest and taxes) loss of $13m. the group's general merchandise e-commerce platform and Amazon's direct competitor, saw its gross merchandise value (GMV) increase by 13%, with revenue climbing 17% and order volumes up by 15%. Takealot also owns on-demand platform Mr D, which offers restaurants, groceries and other shops. "I think their (Takealot) performance in the last year was ahead of our expectations, actually," Prosus and Naspers Group chief financial officer, Nico Marais told Reuters. "We did invest in our marketplace elements to improve the business, and we actually saw Amazon moving, probably not at the speed that we originally expected, which was to our benefit. So we are ready to fight off competition." The battle for online consumer spending intensified throughout 2024, with both global and local players investing heavily to capture market share. Amazon has since expanded its South African service to include non-perishable groceries. The US online retail giant launched in South Africa in May 2024. To defend its leading market share, Takealot said it will strengthen its market presence by enhancing its loyalty programme, TakealotMore, which it hopes will attract and keep existing customers. "The business will also focus on growth through range extension and key categories while improving unit economics through cost optimisation, particularly delivery costs and stock efficiencies," it added. The retailer is also investing in artificial intelligence to gain better understanding of its customers, identify trends, personalise marketing campaigns and automate customer experiences.
Zawya
5 days ago
- Business
- Zawya
South Africa's Takealot grows revenue to fend off Amazon rivalry
JOHANNESBURG - South Africa's biggest online retail group Takealot grew its full-year revenue by 15%, with growth supported by investments in logistics, enhanced customer offerings and its subscription service as it faces competition from new market entrant Amazon. Technology investor Naspers said on Monday that Takealot Group's revenue rose by 15% in local currency to $872 million for the fiscal year ending March 31. Despite this growth, the group posted an adjusted EBIT (earnings before interest and taxes) loss of $13 million. the group's general merchandise e-commerce platform and Amazon's direct competitor, saw its gross merchandise value (GMV) increase by 13%, with revenue climbing 17% and order volumes up by 15%. Takealot also owns on-demand platform Mr D, which offers restaurants, groceries and other shops. "I think their (Takealot) performance in the last year was ahead of our expectations, actually," Prosus and Naspers Group Chief Financial Officer, Nico Marais told Reuters. "We did invest in our marketplace elements to improve the business, and we actually saw Amazon moving, probably not at the speed that we originally expected, which was to our benefit. So we are ready to fight off competition." The battle for online consumer spending intensified throughout 2024, with both global and local players investing heavily to capture market share. Amazon has since expanded its South African service to include non-perishable groceries. The U.S. online retail giant launched in South Africa in May 2024. To defend its leading market share, Takealot said it will strengthen its market presence by enhancing its loyalty programme, TakealotMore, which it hopes will attract and keep existing customers. "The business will also focus on growth through range extension and key categories while improving unit economics through cost optimisation, particularly delivery costs and stock efficiencies," it added. The retailer is also investing in artificial intelligence to gain better understanding of its customers, identify trends, personalise marketing campaigns and automate customer experiences.
