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Amazon’s (AMZN) Whole Food’s explores building commercial kitchens
April 10, 2023 8:19 AM EDTA Wall Street Journal exclusive story on Monday reports that Amazons (NASDAQ: AMZN) Whole Foods Market is exploring building commercial kitchens. According to people familiar with the matter, the kitchens would make prepared meals for the grocers food bars and refrigerated cases.
During the pandemic, Whole Foods and other food retailers closed self-serve food bars and eateries because of concerns about potential... More
Oppenheimer says 'layoffs are necessary' as they cut estimates at Amazon (AMZN)
April 6, 2023 8:20 AM EDTOppenheimer reiterated an Outperform rating on Amazon.com Inc. (NASDAQ: AMZN) but reduced their price target on the stock to $125.00 (From $135.00) after conducting a deep dive into the companys expenses. Following the investigation, analyst Jason Helfstein believes that the online retailer more layoffs are necessary for eCommerce to become meaningfully profitable.
Helfstein wrote in a note, We believe AMZN's 25% underperformance vs. Nasdaq LTM is... More
