There is no doubt that Amazon is dominating the retail world and competitors are not happy. According to MKM Partners analyst, Rob Sanderson, Amazon is “eating the retail world”. The chart below shows Amazon, in the categories that the company serves, growing its market share, as brick-and-mortar retail sales are on the decline. The gap has continued to widen over the past couple of years. Amazon is growing while competitors like Wal-Mart, Home Depot, Costco and Target continue to lose market share as their “margins shrink and the dollars shift back to Amazon”, added Sanderson. His bottom line: Amazon is the “best long-term growth story available to investors today.” He notes that Amazon’s share of retail sales in key categories – sporting goods, clothing, personal care and electronics – will only continue to grow from here. The median growth for what MKM Partners calls the top-20 U.S. retailers was 2.4% in 4Q16, 0.8% during 1Q17 and is forecast to decline by 0.2% in 2Q17 this year, the firm said. The pressure is on for traditional retailers and Amazon continues to take them head on, especially as Amazon enters into the grocery business. Amazon is the marketplace you should be selling your product on. If you have a product or business that you think could benefit by being on Amazon, contact us. Selling on Amazon and excelling is a process that can be challenging. That’s where we come in. The Starren Group are Amazon Sales Consultants that specialize in helping companies sell and navigate the Amazon marketplace. We focus on Amazon FBA consulting and Amazon product page optimization as well as a variety of other services to help your business get listed and be successful on Amazon. Contact Us to learn more about The Starren Group and so we can learn more about your goals and objectives with Amazon. Comments are closed.
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December 2019
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