Gene Munster, Managing Partner at Loup Ventures, discusses his prediction that Amazon will acquire Target in 2018 in an expansion of its brick and mortar business.
What does Target have that Amazon wants? He notes that Target appeals to the mothers and children that Amazon does not have a full grasp on yet. He also talks Amazon's desire to expand its retail footprint. We talk about some of the language around brick & mortar and the shift to retail. Munster adds that the future of retail is not strictly online - in 15 years, consumers will still want to make a grocery run.
Munster also discusses what will happen with Target locations if the buyout occurs. Will they all continue to be Target retailers or will Amazon use some of the spaces for warehouses, etc? The same question remains when it comes to Whole Foods locations.
Food inflation affects eating and shopping. Students still get bulk deals, but are people trading down? Debate on price gouging and retailer control persists.
Arc'teryx CEO Stuart Haselden gives an exclusive look inside the outdoor sportswear brand's new NYC flagship store and introduces new MO/GO wearable hiking tech
The US Open kicks off in NYC, and USTA Chairman Dr. Brian Hainline discusses tennis’s growth, Djokovic's worries about pickleball, and the sport's future.
Hero Bread's viral low-carb, keto-friendly croissant, backed by celebrity investors like Tom Brady and Kevin Durant, is revolutionizing healthy eating.
Fed Chair Jerome Powell's Jackson Hole speech on Friday is expected to align with market expectations of upcoming rate cuts, likely beginning in September.
