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The new sporting goods site to be introduced by Amazon.com, Inc. (NASDAQ:AMZN) should not significantly impact the online customer traffic of Dick’s Sporting Goods, Inc. (NYSE:DKS), says JPMorgan to its clients. The analysts believe that Amazon’s venture will concentrate upon only a ‘subset’ of Dick’s customer base, and thus maintains its Overweight.
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Kroger Co. (NYSE:KR) decides to swap furniture for apparel at a test store in Ohio, as it cuts its furniture department and tries selling shoes and jeans instead. This is part of the company’s “one-stop shopping” experiment, and if it succeeds it may be expanded.
Is this finally it? Hertz Global Holdings, Inc.’s (NYSE:HTZ) acquisition of Dollar Thrifty Automotive Group Inc. (NYSE:DTG) now hinges upon a Federal Trade Commission ruling to hopefully be made by the end of October, as explained by Hertz executives at the Morgan Stanley Industrial and Auto Conference. Once all is finalized, Hertz intends to grow its Dollar Thrifty division as an international discount-oriented brand.
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