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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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French government calls on giant retailers to delay Black Friday sales

11/18/2020 | 12:34pm EST
Lockdown in France imposed to slow the rate of the coronavirus disease

PARIS (Reuters) - French Finance Minister Bruno Le Maire on Wednesday called on supermarkets and on-line retailers to postpone the "Black Friday" sales shopping day due to take place on Nov. 27 as shops selling non-essential goods remained closed during lockdown.

Small shops, which were ordered to close by the government, have raised concerns they will suffer from competition from giant online retail companies such as Amazon that are allowed to operate and deliver goods during France's second nationwide coronavirus lockdown.

"Is next Friday really the right time to organise a Black Friday? My answer is no", Le Maire told France's upper house Senate.

He said he would ask supermarkets and on-line retailers to explore all options to delay the event, a discount shopping day that takes place worldwide, usually coinciding with the Friday of the U.S. Thanksgiving Weekend.

Amazon France's boss said earlier on Wednesday that the group has seen a boost in activity in the range of 40%-50% during the country's second lockdown.

The French government has come under pressure from shops and businesses to ease restrictions in time for the Christmas shopping period.

Valerie Pecresse, the politician in charge of the greater Paris region, said on Monday that the government should allow some shops to reopen for the Black Friday sales.

Meanwhile, health minister Olivier Veran said earlier this week that it was too early to claim victory over a resurgence in coronavirus infections even if recent data showed some encouraging signs.

Veran said that authorities were in the process of gradually regaining control over the COVID-19 pandemic but warned that it was too soon to let up.

President Emmanuel Macron is due to address the nation next week regarding the pandemic situation and restrictions in the country.

(Reporting by Elizabeth Pineau and Matthieu Protard; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.98% 3326.13 Delayed Quote.2.12%
CARREFOUR -1.08% 14.665 Real-time Quote.4.53%
CASINO, GUICHARD-PERRACHON 1.39% 27.05 Real-time Quote.7.38%
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 146 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 95,6x
Yield 2020 -
Capitalization 1 669 B 1 669 B -
EV / Sales 2020 4,27x
EV / Sales 2021 3,56x
Nbr of Employees 798 000
Free-Float 82,0%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 3 840,89 $
Last Close Price 3 326,13 $
Spread / Highest target 35,3%
Spread / Average Target 15,5%
Spread / Lowest Target 5,23%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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