Running petrol pumps can boost Amazon’s delivery network
Friday, January 4, 2019 IST
Selling gas would provide another revenue source; Forte noted that Costco Wholesale derived 10 percent of its revenue from gasoline sales.
Amazon.com Inc. is a dominant player in industries as diverse as cloud computing, streaming media, and of course e-commerce, but the next business it should set its sights on is decidedly more old fashioned: gas stations.
That view comes courtesy of DA Davidson, which wrote that the company could benefit from expanding its portfolio of physical stores -- which already includes “pop-up” stores and the Whole Foods grocery chain -- as “another means for it to advance its delivery efforts.”
This comes after the Wall Street Journal reported Monday that
Amazon was planning to expand the number of
Whole Foods stores.
Adding gas stations would “provide the company thousands of commercial locations to advance its delivery efforts,” analyst Tom Forte wrote to clients. He suggested that such outposts could be used for Amazon Locker -- the company’s centralized package pick-up locations -- or to utilize Amazon Go, its cashier-free checkout technology. In addition, selling gas would provide another revenue source; Forte noted that Costco Wholesale derived 10 percent of its revenue from
gasoline sales.
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