retail news in context, analysis with attitude

Reuters reports that Amazon's business marketplace - which "offers U.S. businesses exclusive pricing and discounts for buying in bulk, free two-day shipping for orders of more than $49, tax exemption and the option to get products delivered with an Amazon guarantee" - generated $1 billion in sales during its first year of operations.

The company says that the business marketplace continues "to grow at a rate of 20 percent month-on-month, and that highlights ... how strong the need is in this segment."

According to the story, " Amazon added more than 30,000 sellers and more than 300,000 businesses to its platform in the past year and continues to add 'thousands of customers' every week ... Amazon's customers on the platform range from companies like Cardinal Financial Corp to consumer products makers like Henkel & Co and institutions like the University of California-San Diego and the University of Illinois."
KC's View:
I trust the folks at the Federal Trade Commission (FTC) are paying attention as they continue to argue that Staples and Office Depot should not merge their operations because it would eliminate competition.