Welcome to Episode #63 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Maddy Johnson, host of the Friday Finish Line podcast and a Zacks writer, to talk about who is dominating the online retail space.
They've already discussed the best retailers for 2017 but what about those in the online business?
Amazon was supposed to be the doom of all the retailers. But surprise! Most of them are still here and they're now competing against Amazon in the online space.
Over the last Cyber Weekend, while Amazon (AMZN) still saw the most online orders, Best Buy (BBY) was a surprising second. Remember when Best Buy was just going to be a "showroom" for Amazon? Have they turned the game around?
Maddy and Tracey also discuss why Amazon hasn't been able to put a dent in online sales of companies like Ulta (ULTA). (Psst, they have a secret weapon that Amazon doesn't have.)
But there are other retailers able to capture market share online and some still competing the old fashioned way.
Online Game Changers
1. The home and furniture retailers like Home Goods which is owned by TJX Corporation (TJX), the parent of TJ Maxx and Marshalls. Additionally Tuesday Morning (TUES) is managing to compete in the home goods category with NO online selling presence at all. You must go to a store to purchase. Are they crazy?
2. Not usually thought of as part of retail, but the online travel companies sell that dream vacation. Very few people are going to a physical travel agent anymore to buy their trips. Expedia, Priceline and even Tripadvisor are all changing the way travel is bought.
Has online shopping peaked yet?
What else should you know about the online retails leaders?
Tune into this week's podcast to find out.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.