Consumer Goods

Amazon‘s apparel business could reach $85 billion in 2 years.

(FinancialPress)—Instinet analysts view Amazon.com Inc.‘s (AMZN) apparel retail business as a huge blockbuster – it could potentially already be positioned as the largest company in the sector, and could still reach sales between $45 billion and $85 billion by the end of the 2020 fiscal year. A team of said firms‘ analysts led by Simeon Siegel estimate sales for apparel and accessories overall at a $1 trillion mark, with above average online penetration and a “leading gross margin“ when compared to other categories.   In a note to investors, Instinet wrote: “We believe Amazon AMZN, -0.36%   has the largest [total available market] TAM (ever), doesn’t carry socio-economic retailing stigmas, can stock a limitless number of goods on its virtual shelf and knows customers better than...

Ford surges; handily beats 2016‘s Q3 performance

(FinancialPress) — Ford Motor Co. (F) is going at full throttle. The second-biggest automaker in the United States posted a strong earnings report on Thursday. Strong sales performance in North America and a record pre-trax profit in Asia led the way for the performance. The company disclosed adjusted earnings of $0.43/share. Analysts were expecting much less, forecasting $0.33/share, as reported by FactSet. Total revenue reported for the quarter was $36.5 billion, which also beat analyst expectations – placed at $33 billion. Finally, the net income reported was $1.6 billion. Analysts forecasts were placed at $1.3 billion. During 2016, in the same time period, the company posted a net income of just $1 billion. Along with the data, the company laid down its expectations for full-year...

Amazon posts strong performance for Q3; beats estimates

(FinancialPress) — Retail giant Amazon‘s (AMZN) Q3 earnings report revealed that its sales surged in the summer and profit blew expectations out of the water. “Prime Day“ promotions were enthusiastically received by shoppers, who also bought groceries at the company’s newest acquisition – the Whole Foods Markets chain of stores. The news took shares to rise over 7% in after-hours trading. Amazon‘s revolutionizing the market by lowering consumer costs and slashing purchase times to a fraction of what they usually take after their $13.7 billion purchase of Whole Foods back in August, ensuring that customers can get products delivered to their doorsteps in a timeframe even lower than what it would normally take them to get their goods from physical stores. It was widely expected b...

Roku stumbles as analyst initiations begin

The first two analysts to release initiations on the stock rate it at hold. More notes expected through week.   (FinancialPress) — Roku Inc. (ROKU) finished Monday‘s session with its lowest stock pricing since its initial offering on September – partly due to the beginning of influx of analyst initiations for the stock, now that the unwritten post-IPO waiting period is over. Shares for the streaming company fell 6.9%, reaching $20.37 by closing time. The previous closing low had been of $20.81 on Oct. 3. Roku priced its IPO stocks at $14 each upon release, and boomed all the way up to $23.50 within their arrival. The decline it experienced on Monday came after research for the public company newcomer was released by two analysts. With no price target set, Oppenheimer gave the stock a...

John Deere scores courthouse win over distinctive colors

(FinancialPress) — After an expedited trial, a Kentucky court rolled out a 107-page ruling explaining its decision to ban any farm-machinery maker other than Deere & Co. (DE)  from manufacturing equipment with the green and yellow color combination. On Tuesday, the U.S. District Court in Paducah found in favor of Deere in a lawsuit that was initiated as a way to protect the company‘s distinctive coloring and brand. In turn, this forces Fimco Inc. – a South Dakota agricultural sprayer manufacturer, from manufacturing their products in green and yellow. The trial took place over a single week, back in June of 2017. Deere‘s argument was that Fimco‘s use of the aforementioned hues on their Ag Spray Equipment brand products made consumers confused about their origin, and also harmed t...

Toys ‘R’ Us looking for alternatives for $2B Asia operation

(FinancialPress) — While Toys ‘R’ Us‘ North American business is tanking, as evidenced by their bankruptcy filing earlier this year, the retailer sees its Asian operation blooming and is looking for ways to capitalize on that. Among various options being explored, The company and their local joint venture partners, the billionaire Fung brothers, have initiated talks with investment banks to analyze the viability of listing the Asian business in the Hong Kong Stock Exchange, according to sources. Reaching a deal could mean netting a value as high as $2 billion. Sources requested to remain anonymous since the information is very much classified still. Toys ‘R’ Us and a series of its North American subsidiaries were forced to file for bankruptcy in September. Their Asi...

Facebook set to finally monetize WhatsApp

Facebook Inc‘s (NASDAQ:FB) monetary endgame with the acquisition of popular messaging platform WhatsApp is finally coming to light, as per a report released this Tuesday by the Wall Street Journal. Even with its limited income stream, the popular texting service was acquired for a mammoth $22 billion in 2014 – only 5 years after its launch. The financial vision behind the purchase of the app that formed its loyal fanbase largely around being free to use is coming to the forefront. It has been revealed Facebook is developing features that will allow companies to chat with their customers in a more business-oriented capacity, highlighting the inclusion of a green badge next to verified business contacts in the user‘s contact list. Matt Idema – WhatsApp COO, stated to WSJ: “We do intend on ch...