NEW YORK, NY / ACCESSWIRE / June 22, 2017 / Amazon is tackling one major arena at a time this month it seems. First the company sent a shock through the grocery store industry as it announced it would be purchasing Whole Foods for nearly $14 billion. Then it announced it would be offering a new service called Prime Wardrobe that could threaten leading clothing retailers. eBay also announced something big yesterday as it tries to compete against online merchants. It will be offering users price matching on thousands of items it sells on its platform, something that Amazon does not offer.

RDI Initiates Coverage on:

Amazon.com, Inc.
https://ub.rdinvesting.com/news/?ticker=AMZN

eBay Inc.
https://ub.rdinvesting.com/news/?ticker=EBAY

Amazon.com, Inc.'s shares closed up 0.97% yesterday. The company has still been the buzz of the town after announcing last week that it would be purchasing organic grocery retailer Whole Foods for $13.7 billion. The purchase will be the largest ever for the online retail king and it has really shaken up grocery stores as they wonder what kind of threat Amazon's purchase could have on them. Amazon also dealt a blow to clothing retailers this week as it announced a new service called Prime Wardrobe. The service is still in beta testing but would allow Amazon prime members the opportunity to try things on at home before actually purchasing them. Wells Fargo wrote in a note, "Simply put, this adds another nail into the department store coffin." The more things that Amazon customers purchase would lead to a great discount using the service. Brands already involved include Calvin Klein and Adidas AG ADS.

Access RDI's Amazon.com Research Report at:
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eBay Inc.'s shares closed up a modest 0.09% on Wednesday with shares pretty flat most of the day. The company has been one of the pioneers in online retail sales and in keeping up with the competitiveness of the arena, eBay has announced that it would be instituting a new price-match guarantee for more than 50,000 items listed on its digital marketplace in the "eBay Deals" section. The company assures customers that if they find products selling cheaper on another platform, eBay will offer a coupon valued at the difference in price that can be used towards buying the item on their platform. Another perk the company is offering is free shipping on said items. This is a huge swing at Amazon, who does not offer price matching. Shares of eBay closed at $34.96 a share yesterday.

Access RDI's eBay Research Report at:
https://ub.rdinvesting.com/news/?ticker=EBAY

Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY) can be downloaded free of charge at Research Driven Investing.

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