01-22-2014, 02:37 PM
In seeing more and more problems with retail sales I am beginning to wonder if Amazon isn't taking a bigger piece of the pie than people realize. Walmart has fared better than others because of their large percentage of sales in grocery, but there are very few discount retailers and department stores doing well right now.
According to yahoo finance, Amazon had over $70 billion in revenue over the last 12 months and that number grew about 24% YoY. That number is similar to Target, which had about $74 billion in revenue, however that number only grew by about 2% YoY.
Just looking at myself, I've bought more stuff from Amazon in the last 9 months than I did with all previous purchases from there. Free shipping with Amazon Prime is hard to pass up.
Anyways, just some thoughts going through my head.
According to yahoo finance, Amazon had over $70 billion in revenue over the last 12 months and that number grew about 24% YoY. That number is similar to Target, which had about $74 billion in revenue, however that number only grew by about 2% YoY.
Just looking at myself, I've bought more stuff from Amazon in the last 9 months than I did with all previous purchases from there. Free shipping with Amazon Prime is hard to pass up.
Anyways, just some thoughts going through my head.