Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Coming Soon - an Amazon Pharmacy and Sportswear Shop?

Published 24/10/2017, 13:55
Updated 24/10/2017, 13:55
© Reuters.

© Reuters.

Investing.com - The idea of disrupting industries is not a new one to Amazon (NASDAQ:AMZN). The massive online retailer has completely revolutionized the way people shop, and has transformed the publishing, recording, and film industries with successful forays into books, music and TV. Amazon’s recent acquisition of Whole Foods means that it is taking on traditional brick and mortar sellers as well.
After disrupting the book and retail industries, it looks like Amazon could be on the cusp of shaking up the sportswear and pharmaceutical industries.
Earlier this month, reports said that Amazon would be entering the $350 billion sportswear industry and launching its own line of athletic apparel. Apparently, Amazon already has deals with a couple of vendors that currently produce clothing for notable brands like Gap, Nike (NYSE:NKE), Lululemon, and Under Armour.
There has also been chatter about Amazon possibly entering the pharmacy business. According to CNBC, Amazon will decide by Thanksgiving whether to move into the space. Although it is difficult to break into such a highly regulated market, the U.S. prescription drug market is an estimated $560 billion per year and would present Amazon with a huge moneymaking opportunity.
It’s almost as if there is no industry Amazon won’t at least consider. At this point, the question to be asked is: Where will Amazon go next?

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.