Amazon Tightens Its Death Grip On Retail

by MR Magazine Staff

Amazon has tightened its stranglehold on the e-commerce business. New research shows that Amazon will control 44 percent of all online sales in the US this year, according to eMarketer data cited by Recode. That’s an increase from Amazon’s market share of 38 percent in 2016. Amazon’s online sales are on pace to grow 32 percent to $196.8 billion in 2017, including third-party listings. Amazon is far and away the leader in e-commerce sales. The closest competitor is eBay, which is projected to hold a 6.8 percent share of the market this year. Apple and Walmart are bound for third place at 3.6 percent. Home Depot, Best Buy and Macy’s round out the top seven retailers online. Read more at New York Post.