Amazon And Wal-Mart Might Be Fighting Over Nordstrom Next
After Amazon announced its plan to acquire Whole Foods, the market started buzzing about the internet giant’s next potential acquisition. Then there’s big-box retailer Wal-Mart, which has also been on a buying spree of late. The two companies are competing for the same shoppers, as one attempts to step into the other’s core area of focus — Wal-Mart growing its e-commerce platform, and Amazon expanding a portfolio of real estate. All things considered, location intelligence company Foursquare, which is able to track where users are “checking in,” has made a prediction of the retailers it believes Wal-Mart and Amazon might go after next. “We can make informed recommendations about which brands Amazon and Walmart should target next using our proprietary data-driven insights,” Foursquare CEO Jeff Glueck said in a blog post Wednesday. Read more at CNBC.
