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Has Amazon Officially Jumped the Shark?

August 3, 2018 By Jeremy Jones, CFA

By Standret @ Shutterstock.com

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, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. CNBC has ranked Richard C. Young & Co., Ltd. as one of the Top 100 Financial Advisors in the nation (2019-2022) Disclosure. Jeremy is also a contributing editor of youngresearch.com.
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