Amazon’s shake-up of the retail landscape may not be over, according to well-known technology analyst Gene Munster, co-founder of Loup Venture, a venture capital firm focused on virtual reality and artificial intelligence. Munster highlighted in a report this week eight predictions for the technology industry in 2018, including Amazon.
“Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” Munster wrote, noting both companies focus on mothers and families. “Getting the timing on this is difficult, but seeing the value of the combination is easy,”
Market-share numbers suggest a deal would be approved by regulators, and Wal-Mart Stores would still have a larger share than an Amazon-Target combination. Target’s shares yesterday rose as much as 3.7 percent, while Amazon gained 1.6 percent.
A Target representative declined to comment on the report. Amazon did not immediately respond to a request for comment.
