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Would you buy your tires from Amazon? According to Fortune, Amazon is getting into the tire business. Yup, the tire business.
An e-commerce tire business?
Apparently we are going to try that. As Fortune reports here, Amazon is partnering with car maintenance firm Monro to sell tires.
Monro will initially offer tire-installation services to Amazon customers in the Baltimore area before expanding to more than 1,170 stores across 27 eastern states, the Rochester, New York-based company said in a statement Thursday. The company, which offers similar services to customers of online sellers Tire Rack Inc. and TireBuyer.com, said the Amazon deal furthers its goal to capture more e-commerce business.
Read more here.
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Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
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