retail news in context, analysis with attitude

Bloomberg reports that “, Inc. is on track to reach $1 trillion in market capitalization by 2022, according to a sum-of-the-parts analysis from Jefferies analyst Brent Thill. That would be a 29 percent jump from Monday’s valuation of $773.8 billion, already greater than the combined market value of Walmart Inc. and Alibaba Group Holding Ltd, the next two biggest retailers.”

CNBC reports that Facebook and Amazon “are likely to become major players in the battle for sports rights thanks to their large audiences and deep pockets, according to an analyst.

“Daniel Ives, head of technology research at GBH Insights, said in a note Tuesday that the next 12 to 18 months is a ‘pivotal window’ for both tech giants to secure rights to various professional sports programs. This story will play out over the next few years with Amazon and Facebook likely to become big contenders to win the right to stream games, he said.”

CNBC reports that “BJ's Wholesale Club is expanding its partnership with Instacart to offer customers same-day delivery in cities along the East Coast, with plans to expand to all BJ's Clubs nationwide by the end of April. This newly expanded partnership follows the lead of wholesale retailers Costco and Walmart's Sam's Club, which also recently partnered with Instacart to offer nationwide same-day delivery services.”

• The San Jose Mercury News reports that “Amazon on Tuesday received a patent for cushioning packages with inflatable airbags so they can be dropped from as high as 25 feet” from drone aircraft that it plans to send out instead of trucks.

According to the story, “This patent, like at least two others Amazon has received, also envisions the possibility of catastrophic mid-air failure. To minimize damage to the drone and anything or anyone on the ground, the airbag for the package could also wrap around part of the drone, and be inflated automatically if the aircraft loses power or flies out of control, according to the patent.”
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