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Aren't very high sales for a store expected? They don't manufacture (most) stuff - they buy it for X, sell it for X+Y%, so better economy = more consumer spendi
by eliben 9y ago
Aren't very high sales for a store expected? They don't manufacture (most) stuff - they buy it for X, sell it for X+Y%, so better economy = more consumer spending = higher sales for stores. The real key for Amazon is how good their profit margins are on these sales.
- jdale27 9y agoIs the economy so much better than last year that everyone is buying 34% more stuff than they did last year?
- jmknoll 9y agoI don't think its the economy being that much better; rather, we're seeing the fruits of mass adoption of e-commerce for everything. Especially in the HN crowd, its easy to forget that e-commerce is still <9% of global retail. And while that number won't go to 100%, its expected to double in the next four years. So given that number alone, we should expect a ~20% YoY increase in revenue from Amazon. 34% is still excellent, but makes a little bit more sense when you frame it in terms of overall sector growth.
- austenallred 9y agoThey were a store last year, too.