6 ms·

So over the holidays people were tossing around the idea that the awful retail sales would translate into a boom for Amazon, as shoppers tried to save money by

by seldo 18y ago

So over the holidays people were tossing around the idea that the awful retail sales would translate into a boom for Amazon, as shoppers tried to save money by buying online instead. Has anyone seen a comparison of the total retail shortfall relative to Amazon's bumper quarter? Are they even the same order of magnitude?

TomOfTTB 18y ago
With all due respect to Amazon they don't even come close. The Dept. of Commerce initially reported retail sales were down by 9.8% from December 2007 which accounts for about $37.2 billion less in sales (http://www.thaindian.com/newsportal/business/us-retail-sales-plunge-in-december_100142460.html http://www.thaindian.com/newsportal/business/us-retail-sales...). Amazon's total sales were only $6.7 billion and it was only up $1.03 billion. Still great for Amazon but no where close to compensating for the total loss.