Fashionistas in-the-know don’t know everything as they just gave the Amazon.com, Inc. (NASDAQ:AMZN) the nod thrice for Zappos, Shopbop, and Amazon Fashion as three of the nine best online shopping sites for fashion saying Amazon Fashion was best for buying everything. They honored zappos.com, part of Amazon.com, Inc. (NASDAQ:AMZN), as best for customer service and shopbop.com as best for high fashion. But all three are Amazon!
The sites were curated for the Daily Worth website by Beso editor-in-chief Elise Loehnen and SHEfinds senior editor Justine Schwatrz. Most of those listed like Gilt Groupe and RueLaLa are what’s called private-sale sites where the site wangles some designer merchandise and emails subscribers about a deeply-discounted flash sale. Seconds matter as these sell out fast. Gilt is expected to debut in an IPO this year and was listed as the best site for buying luxury goods.
Buy Amazon, get Shopbop and Zappos for free
With three of the top fashion sites Amazon.com, Inc. (NASDAQ:AMZN) stood head and shoulders above the other publicly traded names. It is clearly the best online retailer for just about everything. However, an interesting kindle deal site ran a long and well-written piece, “Is This an Amazon Tipping Point?“, in which the writer cites several possible cash cows for the company including the luxury fashion sites as well as Amazon.com, Inc. (NASDAQ:AMZN) Web Services.
While numerous sites abound to buy any manner of goods, no one site can challenge the setup at Amazon. Not even eBay Marketplaces. Despite the moaning and groaning of Amazon’s third party sellers over a raise in fees Amazon Fulfillment Services is still a sweet and convenient deal for them. Amazon.com, Inc. (NASDAQ:AMZN) is building more fulfillment centers and shipping keeps getting faster.
However, web services is a different matter altogether and Google Inc (NASDAQ:GOOG) Compute Engine as well as Apple Inc. (NASDAQ:AAPL) have been positioning themselves to usurp the pioneer and leader of cloud services, Amazon. This could force Google to take a hit to cloud margins to compete. Since Google’s platform only exited beta recently it should not be an immediate concern, but does bear watching.
What Amazon.com, Inc. (NASDAQ:AMZN) has to do going forward and in some cases, is already doing so, is attracting more Prime members, dialing back freemium books and apps, sell more of the higher price Kindle Fires, and work on that kindle phone “thing”.
Gene Munster, Piper Jaffray senior analyst, said Amazon was a good long term hold, even going as far to say, “It’s a no-brainer,” in an interview with Jeff Macke for Yahoo! Finance Breakout. He has a price target of $329.00 on Amazon and an Overweight rating.
Amazon reported Q1 earnings on April 25 of $0.18, above analysts’ expected $0.07 and revenues of $16.07 billion, shy of the expected $16.14 billion The company guided slightly below the consensus of $15.9 billion in revenues for Q2. The forward P/E is at 77.38.
Buy PayPal, get marketplaces for free
The entire thesis on eBay has been the extraordinary success of PayPal, its payment division, and its mobile momentum. Win-win cross channel promotions at partners like Macy’s and a price matching promotion this past holiday season gained more adherents to its mobile wallet.
Wells Fargo & Company (NYSE:WFC) upgraded eBay to Outperform based on international opportunities for eBay and accelerating sales growth in eBay Marketplaces (the auction sites and e-tail). Its price target between $61-64 is in line with the median analyst price target of $63.27 for 20% upside.