Is Amazon Going After Costco Next?
The following video is from Friday's edition of Investor Beat, in which host Chris Hill and Motley Fool analyst Charly Travers dissect the hardest-hitting investing stories from the market today.
There are unconfirmed reports swirling in the rumor mill that Amazon.com has its eye on creating a packaged-goods business, known as Amazon Pantry. Should companies like Costco or Wal-Mart , with its Sam's Club business, be deeply concerned on this news? In this segment, Charly discusses why he sees this as a natural extension of Amazon's business, and why Costco and Wal-Mart will need to be following this story very carefully.
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Charly Travers has no position in any stocks mentioned. Chris Hill owns shares of Amazon.com. The Motley Fool recommends Amazon.com and Costco Wholesale. The Motley Fool owns shares of Amazon.com and Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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