Amazon moves deeper into healthcare with telehealth expansion.
Amazon is rolling out their healthcare service nationally later in 2022, growing both its physical presence (from 8 to 20 cities) and telehealth option. For a massive company like Amazon, they have to make big bets to move the revenue needle. With Retail slowing down and AWS (Cloud) booming, they’re continuing to make big bets. They recently increased base pay and added an additional leadership principle (“Strive to be Earth’s Best Employer”) as they seek to remain competitive talent-wise.
CVS fourth-quarter earnings top expectations as Covid vaccines lift overall store sales.
CVS beat expectations in Q4 with a revenue of $76.6B (vs $75.67 expected) and EPS of $1.98 (vs $1.93 expected). Shares still fell (-5.45%) post-announcement, as the COVID-related boots taper off. Same store sales were up +13.4%. CVS has a fun future to watch: moving more into healthcare services, combining business segments (drugstores, insurance, pharmacy), and closing nearly 10% of stores to match their “new” focus.
Amazon and Nike Exploring Peloton Purchase.
Perhaps fitting into “Amazon Care” from above, rumor has it Amazon (and Nike) is exploring a Peloton purchase. Outside of this article, Apple is apparently interested as well. Peloton would fit nicely as a line expansion into any of the three brands. Maybe slightly less so for Amazon, who tends to go for value plays versus luxury. Regardless, with Amazon’s move into Healthcare, Apple’s Connected Device strategy, and Nike being Nike, it will be interesting to see who picks them up.
CPG Companies Plot New Price Hikes, Fewer Promotions.
CPGs have indicated they’ll have additional price-hikes, beyond what was originally anticipated. For example, Clorox will be raising prices another 15% (from the original 70% plan to 85%). Promotions are also taking a hit, leading to less discounts because of margin concerns. Inflation is hitting hard.
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