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Amazon May Handle 30% Of All US Retail Sales (usatoday.com)
An anonymous reader quotes USA Today:
Amazon's yearly sales account for about 15% of total U.S. consumer online sales, according to the company's statements and the Department of Commerce. But the Seattle e-commerce company may actually be handling double that amount -- 20% to 30% of all U.S. retail goods sold online -- thanks to the volume of sales it transacts for third parties on its website and app. Only a portion of those sales add to its revenue.
"The punchline is that Amazon's twice as big as people give them credit for, because there's this iceberg under the surface, but you only see the tip," said Scot Wingo, executive chairman of Channel Advisor, an e-commerce software company that works with thousands of online sellers. When third-party sales are taken into account, Amazon's share of what U.S. shoppers spend online could be as high as $125 billion yearly...
Amazon's share will grow even larger when they can offer two-hour deliveries, warns one analyst, while another puts it more succinctly. "Amazon's just going to slowly grab more and more of your wallet."
"The punchline is that Amazon's twice as big as people give them credit for, because there's this iceberg under the surface, but you only see the tip," said Scot Wingo, executive chairman of Channel Advisor, an e-commerce software company that works with thousands of online sellers. When third-party sales are taken into account, Amazon's share of what U.S. shoppers spend online could be as high as $125 billion yearly...
Amazon's share will grow even larger when they can offer two-hour deliveries, warns one analyst, while another puts it more succinctly. "Amazon's just going to slowly grab more and more of your wallet."
Amazon's just going to slowly grab more and more of your wallet
As long as their competition continues to not "get it" Amazon is going to continue to grow. I go to amazon because I can buy absolutely anything there, and it will be cheaper there than anywhere else. Amazons third party sales thing is absolutely brilliant as it brings more products to amazon, and brings more customers to the site.
I wish I had a good sig, but all the good ones are copyrighted
Not my wallet anymore, either. They've crapped the bed one too many times this year. Their customer service has become an abysmal nightmare. Aside from all the shoddy "new" merchandise I've received that looked like factory seconds, open-box-items, or scratch-and-dents, they went as far as telling me the other day they don't consider a Prime shipment "lost" for what amounted to seven business days and didn't offer to send a replacement or compensate me in any way. I'll save the hundred bucks I would normally spend to renew my membership to shop somewhere else.
P.S. I've definitely found myself buying locally more as well and see that trend in my life continuing.