Is Loup Ventures’ Gene Munster on-point about Target’s potential value to Amazon? Do you see Target’s board being receptive following the progress it has made in recent years?
Interactive Edge’s CEO, Zel Bianco comments:
Target has more to offer Amazon at this point. If the stock price continues to trend lower, and that may not be completely in Target’s control, then perhaps it will make more sense. If nothing else, Amazon’s deep pockets will allow Target to have greater flexibility to try different strategies or, at the very least, continue some of the ones they’ve already put in place recently. I just think it would be sad if Amazon acquired a second retailer that is one of the standouts in our industry.
Too much power in the hands of Amazon may not be a good thing for the industry or the consumer.
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