Wednesday, January 25, 2017

Amazon is now worth more than America's 8 largest retailers combined

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Amazon is now worth more than America's 8 largest retailers combinedIn the case of Amazon (AMZN), they simply grow even bigger and more formidable. With a current market cap of $390 billion, the Seattle-based retail giant is now worth more than the top eight traditional brick-and-mortar retailers combined, as Credit Suisse analysts led by Eugene Klerk mentioned in a recent note. For the record, that roster includes Best Buy (BBY), Macy’s (M), Target (TGT), JCPenney (JCP), Nordstrom (JWN), Walmart (WMT), Kohl’s (KSS) and Sears (SHLD).


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