Monday, May 7, 2018

Report: Amazon will keep growing at ‘amazing’ rate

Chain Store Age
Amazon is poised to take an ever bigger share of the overall retail market.

The company’s investments in new and existing categories, including grocery, could help it grab nearly 10% of total retail sales within two years, reported CNBC. Citing a note that the Telsey Advisory Group wrote to clients, the report said that Amazon will continue to grow an “amazing” rate, putting the company’s retail industry market share at 9.6% by 2020. . . . more