retail news in context, analysis with attitude

Internet Retailer is out with its 2019 Amazon Report, reaching the following conclusions:

• “Amazon now accounts for 37% of total U.S. online retail sales, up from 34% in 2017.”

• “With 58% of its $232.9 billion revenue coming from its marketplace, Amazon is the largest online U.S. marketplace. Last year alone, over 25,000 sellers worldwide sold more than $1 million on Amazon, with the average U.S. marketplace merchant selling more than $90,000 on the site.”

• “In the past year, Amazon has been growing its fulfillment sector, housing 155.4 million square feet of warehouse space in the U.S. and will be investing in more aircraft carriers, bringing its total fleet up to 50.”

• Amazon “has quickly cemented its place as the third-largest digital advertising platform in the U.S., behind Facebook and Google.”

• The “hugely profitable Amazon Web Services division … grew its sales of cloud computing and storage services by 68.6% last year.”

• Amazon’s “Whole Foods Stores, Amazon Go outlets and other physical retail locations … generated three times more revenue last year than the year before.”
KC's View:
I occasionally get email from folks asking why I spend so much time writing about Amazon. Just these six bullet points should answer that question - Amazon continues to make moves that don’t just grow its business, but also set the terms for the business competition. These moves also continue to give it an enormous financial advantage, allowing it access to money to a degree and at rates that most other companies - and countries - cannot begin to match.