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Amazon Said to Grab 4 Percent of All US Retail Sales in 2017

Image: Amazon Said to Grab 4 Percent of All US Retail Sales in 2017
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By    |   Wednesday, 03 January 2018 02:27 PM

Online titan Amazon.com Inc. was reportedly responsible for about 44 percent of all U.S. e-commerce sales last year, or about 4 percent of the country's total retail sales figure.

The fastest-growing product groups on Amazon.com in 2017 included luxury beauty and pantry items, according to data from One Click Retail.

The most dollar sales were tied to consumer electronics (more than $8 billion), such as the Amazon Echo devices, CNBC cited One Click as reporting.

"Every major trend we see across 2017 can be explained by the fact that more of Amazon's core demographic (millennials) are growing up: they're increasingly owning homes, raising children, and buying a TON of stuff to go with it," One Click Retail CEO Spencer Millerberg wrote in an annual review of Amazon.

To be sure, he added: "This raises the question: will this create long-term changes and tailwinds for Amazon? Will 300-ish Whole Foods stores be enough to compete meaningfully in the brick-and-mortar space against Walmart's 4000+ stores?"

One Click Retail found the fastest-growing product groups on Amazon.com in 2017 were luxury beauty (up 47 percent from a year ago), pantry items (up 38 percent), grocery (up 33 percent) and furniture (up 33 percent).

Meanwhile, Amazon said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service in 2017 while adding more new members than ever before.

The e-commerce giant, which revealed its Prime shipment numbers for the first time, did not give comparable full-year shipment number for 2016, Reuters reported.

Amazon claimed that its Fire TV Stick and voice controlled smart device Echo Dot were the best-selling products among U.S. Prime members from any manufacturer in any category across all of its product offerings.

Amazon Prime, which offers its users services like free two-day shipping for certain purchases, unlimited streaming of movies and TV shows with Prime Video, has been attracting more subscribers every year.

The company said it shipped over 1 billion items worldwide via Prime during holiday season in 2016.

Amazon Prime, which entered countries including Mexico, Netherlands, Luxembourg and Singapore last year, now is present in 16 countries around the world.

(Newsmax wire services and Reuters and Bloomberg contributed to this report).

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Amazon.com was reportedly responsible for about 44 percent of all U.S. e-commerce sales last year, or about 4 percent of the country's total retail sales figure
amazon, retail, sales, one click
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2018-27-03
Wednesday, 03 January 2018 02:27 PM
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