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Amazon may have a significant impact on revenue from this deal:...

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retiredyoung

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04/10/17

17:30

Post #: 27660366
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Amazon may have a significant impact on revenue from this deal:

Amazon’s next frontier to conquer? Auto parts

In recent months, Amazon has struck contracts with the largest parts makers in the country — including Robert Bosch, Federal-Mogul, Dorman Products and Cardone Industries, sources told The Post.

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And that could be bad news for the nation’s retailers — O’Reilly Auto Parts, Advance Auto Parts, AutoZone and Genuine Parts, insiders said.

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In a September report, investment bank Jefferies said Amazon is offering same-day delivery for auto parts in 40 major US cities — at prices that average 23 percent less than those of O’Reilly, Advance and AutoZone.

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http://nypost.com/2017/01/22/amazons-next-frontier-to-conquer-auto-parts/

Auto companies hurting from latest rival — Amazon

Online sales now represent approximately 20 percent of the do-it-yourself auto parts market and is growing 15 percent to 20 percent this year, the executive said.

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Amazon represents about half of the online market, which this year will generate around $11 billion in sales, the executive said.

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Since The Post reported exclusively on Jan. 22 that Amazon had signed contracts with large auto parts makers, including Robert Bosch, to compete against retailers, AutoZone’s shares have fallen by 33 percent and O’Reilly’s by 35 percent.

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http://nypost.com/2017/07/05/auto-companies-hurting-from-latest-rival-amazon/

GSW Price at posting: $3.15 Sentiment: None Disclosure: Not Held
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Amazon may have a significant impact on revenue from this deal:...

Top Stories

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Buxton projects new graphite province discovery at WA Narryer play

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