Matthew Rocco,
October 25, 2017
Fox 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.
Online shopping still accounts for a small share of the overall US retail industry, though it’s growing quickly. E-commerce sales will jump 15.8 percent in 2017, and Amazon is responsible for nearly 4 percent of retail sales, eMarketer says.
Amazon shares rose 1 percent to $975.90 on Tuesday, extending its gains to 30.1 percent on the year.
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