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Amazon is growing quickly, and entering more markets.. but there's no reason to be alarmed. Amazon really isn't as big as they look. Revenue last year: $107B
by rgbrenner 10y ago
Amazon is growing quickly, and entering more markets..
but there's no reason to be alarmed. Amazon really isn't as big as they look. Revenue last year: $107B
Compare that to other things: About 1/5th of Walmart. 2/3rds of CVS. 10% less than Costco. 1/3rd more than Target. 15% more than Home Depot. Sure they're #1 in ecommerce, but ecommerce is only 16% of retail sales in the US.
There are actually quite a few companies the size of Amazon. And many of those companies are actually more profitable than Amazon too.
- cosmoharrigan 10y agoUnits from third party (3P) sellers made up 49% of total units in Q2 2016, and Amazon only reports their commission as revenue for 3P sales rather than the total gross merchandise volume (GMV). A better comparison point is thus GMV, which was estimated at $225B for 2015[1], compared to $482B for Walmart. [1] http://www.channeladvisor.com/blog/?pn=scot/deep-dive-into-amazons-q4-results-for-sellers-whats-cool-100b-and-200b http://www.channeladvisor.com/blog/?pn=scot/deep-dive-into-a...
- swalsh 10y agoMillenials and those younger than them prefer eCommerce. Combine that with increasingly better service, and the trend of it increasing will continue. There's a reason Walmart bought jet.com. eCommerce is important, and they sucked at it.
- shambala 10y agoAnd Walmart will still suck at eCommerce, even after buying jet.com. That purchase was a blunder.