Online retail giant Amazon.com, Inc. (AMZN - Free Report) hosted its first Women’s Entrepreneur Conference yesterday at its global headquarters in Seattle.
Although Amazon has organized such events for its third-party marketplace sellers in the past, this was the first of its kind, intended for women entrepreneurs who sell on Amazon.
The event was attended by 300 women entrepreneurs.
AMAZON.COM INC Price
Why this Move?
Phenomenal Growth: According to Peter Faricy, Amazon’s vice president of worldwide marketplace, women-owned businesses on Amazon’s marketplace platform have shown phenomenal growth, outpacing general business trends by five times. This could prove to be a very lucrative segment for the company in the long run.
Broader Inventory: Amazon’s marketplace currently attracts 300 million shoppers from around the world. Out of the total orders, nearly half are fulfilled by 2 million third-party merchants. This leads to a broader selection of inventory.
Key Takeaways
The event featured women business leaders such as Marla Malcolm Beck, the co-founder of Blue Mercury – a beauty and spa retailer – that was sold to Macy's, Inc. (M - Free Report) in 2015 for $210 million.
Additionally, the event gave a chance to other Amazon sellers and executives to voice their opinion on global business expansion strategies, Amazon app-based business monitoring on smartphones as well as inventory stocking and price setting during the peak shopping seasons.
Our Take
Of late, Amazon has shifted its focus toward corporate responsibility. Notably, the company made amendments to its parental leave policies following an expose in the New York Times. Additionally, the company partnered with a non-profit organization in Apr 2016 to help the homeless in Seattle.
Yesterday’s event was a gesture by the company to acknowledge women entrepreneurs and help them learn and grow.
Zacks Rank
At present, Amazon has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology space are Autobytel Inc. and PetMed Express, Inc. (PETS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Online retail giant Amazon.com, Inc. (AMZN - Free Report) hosted its first Women’s Entrepreneur Conference yesterday at its global headquarters in Seattle.
Although Amazon has organized such events for its third-party marketplace sellers in the past, this was the first of its kind, intended for women entrepreneurs who sell on Amazon.
The event was attended by 300 women entrepreneurs.
AMAZON.COM INC Price
Why this Move?
Phenomenal Growth: According to Peter Faricy, Amazon’s vice president of worldwide marketplace, women-owned businesses on Amazon’s marketplace platform have shown phenomenal growth, outpacing general business trends by five times. This could prove to be a very lucrative segment for the company in the long run.
Broader Inventory: Amazon’s marketplace currently attracts 300 million shoppers from around the world. Out of the total orders, nearly half are fulfilled by 2 million third-party merchants. This leads to a broader selection of inventory.
Key Takeaways
The event featured women business leaders such as Marla Malcolm Beck, the co-founder of Blue Mercury – a beauty and spa retailer – that was sold to Macy's, Inc. (M - Free Report) in 2015 for $210 million.
Additionally, the event gave a chance to other Amazon sellers and executives to voice their opinion on global business expansion strategies, Amazon app-based business monitoring on smartphones as well as inventory stocking and price setting during the peak shopping seasons.
Our Take
Of late, Amazon has shifted its focus toward corporate responsibility. Notably, the company made amendments to its parental leave policies following an expose in the New York Times. Additionally, the company partnered with a non-profit organization in Apr 2016 to help the homeless in Seattle.
Yesterday’s event was a gesture by the company to acknowledge women entrepreneurs and help them learn and grow.
Zacks Rank
At present, Amazon has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology space are Autobytel Inc. and PetMed Express, Inc. (PETS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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