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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 1,186.00+2.6%5:10 PM ESTNews

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From: Sr K10/31/2017 2:59:12 PM
1 Recommendation

Recommended By
Glenn Petersen

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With UAA and UA (Under Armour) hitting all-time lows, I'm posting this excerpt:

October 31, 2017, 1:21 PM EDT

Amazon is said to be enlisting Taiwanese suppliers of Lululemon Athletica Inc. and Under Armour as part of a foray into private-label sportswear. That’s bad news for Under Armour, which is already in trouble, reporting a sales decline in the third quarter for the first time ever and cutting its year views. Piper Jaffray said its fourth quarter appears to be at risk after Amazon gained 89% of total dollar growth in North American softlines business -- i.e., clothing, shoes, etc -- year-to-date.

"Amazon remains a significant threat for the traditional channel -- particularly as more brands work to test or partner with them," Piper Jaffray analyst Erinn E. Murphy said. And it’s not just Amazon driving up the competition, with Nike Inc. increasing investments in yoga pants and sports bras.

Health Care’s Bold Plans

"Front store sales are being rapidly eroded by Amazon, while the core Pharmacy business is poised for disruption by Amazon," Leerink’s Ana Gupte said, in a succinct wrap up of the risks for pharmacy chains.

from
bloomberg.com
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