Analyst predicts Amazon to acquire Target later this year


Amazon has long ceased to be an online-only company. Over the past couple of years, it has aggressively expanded onto Main Street, most notably acquiring Whole Foods in 2017 for $13.7 million. It also operates a chain of brick-and-mortar book stores, which can be found in several US cities. But according to industry analyst and Loup Ventures co-founder Gene Munster, Amazon isn’t finished with its conquest of the traditional retail space. Munster believes Amazon is eying up US retail giant Target, and will acquire the company later this year. What makes Target so attractive? A major part is the demographic…

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