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NAS:AMZN, Aug 24, 11:50 UTC

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Amazon: Amazon may add kirana stores to its cart to boost retail play, Technology News, ETtech

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Amazon’s plan is smaller in scale, said people with knowledge of the matter — signing up tens of thousands of neighbourhood stores to sell products through its ecommerce platform. To begin with, Amazon plans to enrol small mobile phone sellers on its platform and will eventually scale it up to others selling everything from food to general merchandise, according to a person familiar with the plan. “We have long worked to enable small and medium businesses, including kirana stores, with pioneering programmes such as AmazonEasy, I Have Space, Service Partner programme, among several others,” an Amazon spokesperson said in an email. The Walmart-owned company plans to use 15,000 small convenience stores, beauty salons, bakeries and pharmacies, among others, to sell smartphones, a product such shops normally don’t stock. As ecommerce expands in India, online firms are tapping into the robust network of an estimated 12 million mom-and-pop outlets to be used as last-mile delivery agents or even to sell products through them as part of omni-channel strategies.

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Amazon Joins Walmart in Saying Tesla Solar Panels Caught Fire

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(Bloomberg) -- Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel system that Tesla’s SolarCity division had installed. News of the Amazon fire comes just three days after Walmart dropped a bombshell lawsuit against Tesla, accusing it of shoddy panel installations that led to fires at more than a half-dozen stores. More widely known for its electric cars, Tesla bought panel installer SolarCity three years ago in a $2 billion deal that proved highly controversial. SolarCity’s chief executive officer at the time is the cousin of Tesla CEO Elon Musk.

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Amazon Agrees To Take Equity Stake In Canadian Airline Cargojet

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Amazon.com, Inc. (NASDAQ: AMZN) will acquire a minority equity stake in Canadian cargo airline Cargojet Inc. (TSX:CJT), Amazon's air carrier partner in Canada, the companies said Aug. 23. Under the agreement, Cargojet will issue warrants allowing Amazon to acquire up to 9.9% of Cargojet's voting shares at an exercise price of $91.78 a share. The warrants will vest over six and a half years and be conditional to Amazon providing Cargojet with C$400 million in volumes over the same period. Cargojet provides overnight air deliveries that support Amazon's "middle-mile" Canadian network, which links the e-tailer's facilities with other locations prior to the execution of the final delivery to customers.

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Aviva PLC Has $373.69 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN) – Riverton Roll

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Aviva PLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Amazon.com comprises about 2.6% of Aviva PLC’s investment portfolio, making the stock its 3rd biggest holding. Deutsche Bank boosted their target price on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The stock has a market cap of $891.06 billion, a P/E ratio of 87.01, a P/E/G ratio of 2.28 and a beta of 1.55.

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Inside Amazon and Shopify’s race to master time and space in e-commerce

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Mastering the enormous complexity of e-commerce fulfillment is a huge part of Amazon’s competitive advantage, and it’s territory that Ottawa-based Shopify Inc. has stepped into by announcing in June it will spend $1 billion to create its own fulfillment network. This need for ever-faster delivery has led to a surge in demand for warehousing and shipping facilities around major cities. For example, e-commerce is responsible for Toronto’s record low availability rate for industrial real estate, despite millions of square feet of capacity being added during the past few years, according to a report by real estate services firm Cushman & Wakefield Inc. Amazon, as the market leader in e-commerce, has led the need for space and for speed. Amazon may be faster — offering one-day or same-day shipping on 10 million products — and its fulfillment network exists in many geographies outside the U.S. as well, but Shopify has a key advantage that makes it an attractive alternative: It’s not Amazon. Both Shopify and Amazon live in that space, which means they will sometimes bump up against each other, but, at least for now, there is plenty of room for both of them. And in some ways, the two companies are strategic partners: many Shopify merchants use the company’s e-commerce software to manage sales through Amazon’s marketplace. But Shopify depends on Amazon in another way, in the same way that Harry Potter needs Voldemort in order to be a hero.

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Amazon Makes Push Into India's Retail Market With 49% Stake In Conglomerate

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Amazon Makes Push Into India's Retail Market With 49% Stake In Conglomerate. Amazon.com, Inc. (NASDAQ: AMZN) is stepping into India's household and grocery retail sector. Future Retail — which operates Big Bazar and other smaller retailers such as EasyDay, Heritage Fresh and Nilgris — said in a regulatory filing with the stock exchange late Thursday that Amazon is buying a 49% stake in Future Coupons Ltd. The share subscription agreement has also granted a call option to Amazon to acquire all or part of Future Coupons' holding in Future Retail, with the option being exercisable between the third and 10th years of the deal in certain circumstances, subject to applicable regulations.

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Employers Holdings Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN) – Mayfield Recorder

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Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after buying an additional 9,302,331 shares during the last quarter. In other news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 10th. Deutsche Bank raised their price objective on shares of Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. During the same quarter in the previous year, the business earned $5.07 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 24.52 EPS for the current year.

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Friday’s Vital Data: Gap, Boeing and Amazon

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U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. GPS stock is trading down just shy of 5% premarket. Because it rallied a similar amount yesterday in anticipation of this morning’s event, the damage isn’t that bad. The price trend for Gap shares has been bearish for ages, and this report will do little to change the overall posture. If you are shopping in the land of retail stocks, I suggest steering clear of this one until it can at least break above short-term resistance levels such as the $19 zone. As far as options trading goes, speculators favored calls throughout the day. Activity zipped to a whopping 1,186% of the average daily volume, with 119,063 total contracts traded; 70% of the trading came from call options alone.

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