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While Retail Is Still In Crisis, Amazon Will Monopolize 50% Of E-commerce In 2021

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While Retail Is Still In Crisis, Amazon Will Monopolize 50% Of E-commerce In 2021

After Moody’s revealed that this year 10 retail chains in the United States could close , due to the crisis in retail , where consumers prefer to buy online rather than in a brick and mortar store, Amazon revealed that its business model continues to grow. After its CEO, Jeff Bezos, made $ 1.5 trillion in one day for revealing his plans to buy Souq.com, the company will Tunisia Mobile Number List make up 50 percent of e-commerce in the United States by 2021. Analysts at Needham Kerry Rice believe that retailers and retail stores should not expect “compassion” from Amazon , as Jeff Bezos’ company is “literally” eating the brick and mortar market . Tunisia Mobile Number List

According to Wall Street, Amazon has 34 percent of e-commerce sales in the United States , but at the rate of growth it is leading, in 2021 it will grow, due to the popularity of its Prime membership program . In addition, the company updated its rating on its shares to buy from its warehouses and set a target price of 1,100 dollars in shares already on the rise, since Amazon Brother Cell Phone List continues to dominate global sales, even over Walmart , which achieves increases of just 0.25 percent. Everything indicates that Amazon’s secret weapon is “Prime”, which offers subscribers free two-day shipping, for a charge of $ 99 per year , which is accompanied by its streaming video platform with the same name. , in addition to his other music platform.

The Consumer Intelligence firm believes that Amazon had 65 million Prime members in 2016, which was already double what they had in 2015, and buyers have turned out to be “loyal” to Amazon, its offers and its virtual stores and services, Since 80 percent of subscribers to its OTT platform shop on Amazon at least once a month, while the members who spend the most, consume up to 1,500 dollars a year in virtual purchases.

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