• MarketWatch reports on a new study by Wells Fargo saying that "about 155 million people in the U.S. visited Amazon.com in the first quarter, which represents 63% of all internet users in the country for the period." No other online retailer even came close, with on Kohl's website attracting as much as 10 percent of total US web users.
"For the quarter, Amazon accounted for 67% of addressable-market growth," the story says. "'Addressable market' is retail sales excluding gas stations and food/beverage stores, according to Wells Fargo. This is lower than the fourth quarter, but 'when accounting for seasonality of Amazon's sales (relative to the rest of retail), we see that Amazon's share of industry growth continues to climb higher,' the note said."
"For the quarter, Amazon accounted for 67% of addressable-market growth," the story says. "'Addressable market' is retail sales excluding gas stations and food/beverage stores, according to Wells Fargo. This is lower than the fourth quarter, but 'when accounting for seasonality of Amazon's sales (relative to the rest of retail), we see that Amazon's share of industry growth continues to climb higher,' the note said."
- KC's View:
