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AMAZON.COM

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Amazon com : U.S. trade group says 'unrealistic' for American retailers to exit China

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08/23/2019 | 02:13pm EDT

WASHINGTON (Reuters) - The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States.

"Our presence in China allows us to reach Chinese customers and develop overseas markets," NRF Senior Vice President for Government Relations David French said in a statement.

"This, in turn, allows us to grow and expand opportunities for American workers, businesses and consumers," he said.

French said U.S. retailers have been diversifying their supply chains for years but finding alternate supply bases is a "costly and lengthy process that can take years."

Earlier, President Donald Trump said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods.

(Reporting by Nandita Bose in Washington; Editing by Cynthia Osterman)

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Financials (USD)
Sales 2019 279 B
EBIT 2019 15 137 M
Net income 2019 11 867 M
Finance 2019 34 260 M
Yield 2019 -
P/E ratio 2019 75,6x
P/E ratio 2020 53,4x
EV / Sales2019 3,06x
EV / Sales2020 2,52x
Capitalization 887 B
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Technical analysis trends AMAZON.COM
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TrendsNeutralNeutralBullish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 50
Average target price 2 272,65  $
Last Close Price 1 794,16  $
Spread / Highest target 45,8%
Spread / Average Target 26,7%
Spread / Lowest Target 3,95%
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Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Independent Director
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