Amazon has every single retailer in the US on notice.
The Jeff Bezos-led juggernaut is armed with a war chest of cash and it hasn’t been shy about throwing its weight around in the past couple months, disrupting every industry in sight.
Its $US13.7 billion acquisition of Whole Foods threw the whole grocery industry into disarray, while Blue Apron‘s battered IPO price ended up as collateral damage. Its newly-announced partnership with Nike sent the likes of Dick’s Sporting Goods and Under Armour tumbling. Heck, even the payments industry is facing a major, Amazon-led shake-up.
But there are still a few bright spots, says RBC Capital Markets — companies whose existing business models have created a natural insulation from Amazon, as well as those that have been quick to adapt.
Here are four such corporations highlighted by RBC in a recent client note:
Total return year-to-date: 40%
Rationale: 'Best Buy has already weathered the worst of the 'Amazon storm' through price matching and substantial in-store/online improvements, and has now been steadily gaining market share ... Best Buy has fought back against Amazon better than most.'
Source: RBC Capital Markets
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