Amazon is vying with Apple to become the world’s most valuable company. One staggering fact is that Amazon pockets over $3 billion each year from unused gift cards. This highlights just how much cash reserves the company has, which provides further opportunities for growth.
Having caused so much disruption to traditional retailers of clothes, music and books, Amazon now has the supermarket giants in its sights. The acquisition of Whole Foods last year was a clear sign that it is keen to move into the sector. Amazon is currently investing in small retail sites within the UK as it begins the rollout of its Amazon Go chain of stores.
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