Going through amazon 2017 financial statements

Groceries are purchased five times a month on average by shoppers, compared with the four times a month Amazon Prime customers typically shop on the site and two times for people who do not have Prime memberships, Cowen estimates. The $13.4 billion deal, which does not include net debt, immediately raised questions about whether AmazonвЂ™s experiments with automation, like the cashier-less checkout technology it is testing in its Amazon Go store, could eventually lead to job losses at Whole Foods stores. Amazon could also use them to cut delivery times for online orders. The stores could become locations for returning online orders of all kinds. The stores could also serve as an advertisement to get more customers to sign up for Prime in September the financial firm Cowen & Company estimated that Prime had 49 million subscribers in the United States, representing about 44 percent of households.ДЄmazon has been on a multiyear offensive to open warehouses closer to customers so it can deliver orders in as little as two hours, and Whole Foods stores will further narrow AmazonвЂ™s physical proximity to its shoppers. вЂњIf Walmart loses the grocery battle to Amazon, they have no chance of ever dethroning Amazon as the largest e-commerce player in the world.вЂќДЄnalysts speculated that Amazon could use its $99-a-year Prime membership service, which gives customers free, two-day shipping and other benefits, to offer Whole Foods customers a better price on groceries, as it does for books in its bookstores. вЂњMake no mistake, Walmart under no circumstances can lose the grocery wars to Amazon,вЂќ said Brittain Ladd, a strategy and supply chain consultant who formerly worked with Amazon on its grocery business. On Friday, Walmart announced a $310 million deal to acquire the internet apparel retailer Bonobos, and last year it agreed to pay $3.3 billion for Jet.com and put JetвЂ™s chief executive, Marc Lore, in charge of WalmartвЂ™s overall e-commerce business. After almost a decade selling groceries online, Amazon has failed to make a major dent on its own as consumers have shown a stubborn urge to buy items like fruits, vegetables and meat in person.Д«uying Whole Foods also represents a major escalation in the companyвЂ™s long-running battle with Walmart, the largest grocery retailer in the United States, which has been struggling to play catch-up in internet shopping. The acquisition, announced Friday, is a reflection of both the sheer magnitude of the grocery business - about $800 billion in annual spending in the United States - and a desire to turn Amazon into a more frequent shopping habit by becoming a bigger player in food and beverages. Amazon agreed to buy the upscale grocery chain Whole Foods for $13.4 billion, in a deal that will instantly transform the company that pioneered online shopping into a merchant with physical outposts in hundreds of neighborhoods across the country.

Going through amazon 2017 financial statements