Amazon now tackles Beauty Industry

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Amazon.com Inc has just unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, and this move is causing the value of shares of other beauty retailers to drop.

Questions:

  1. Which beauty retailers does the article mention?
  2. What will Amazon require for purchase?
  3. Do you think this will be a profitable part of Amazon’s business and why?

Source:

Reuters staff. (2019). Amazon’s new beauty store for professionals poses threat to beauty retailers. Reuters.com, June 24 (Retrievable online at https://www.reuters.com/article/us-amazon-beauty-products/amazons-new-beauty-store-for-professionals-poses-threat-to-beauty-retailers-idUSKCN1TP21H)