Deals
Amazon Will Buy Target This Year, Gene Munster Predicts
- Customer demographic, store count make Target attractive
- Cheap-chic retailer’s shares rise as much as 3.7% on report
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Amazon.com Inc.’s shake-up of the retail landscape may not be over, according to one well-known technology analyst.
The internet giant will acquire discounter Target Corp., Loup Venture co-founder Gene Munster wrote in a report highlighting eight predictions for the technology industry in 2018. Amazon made waves in retailing last year with its $13.7 billion purchase of upscale grocer Whole Foods Market Inc.