Amazon continues to grow at the rate of a startups, even though it’s the next likely company to hit the $1 trillion market capitalization threshold. The retailer’s stranglehold on U.S. e-commerce shows no signs of easing. Amazon is now responsible for roughly 50% of digital sales in the country, and more and more brands—from Nike to Party City—now sell products on their rival’s website, after years of hesitation. Retailers like Best Buy and Kohl’s have also decided to partner with Amazon. With its Web Services division generating a steady stream of profit, Amazon continues to run away with the e-commerce prize.
Looking for leads, investment insights, or competitive intelligence?
News about Amazon.com
The average Amazon warehouse worker receives at least $15 an hour before overtime.
The Amazon partnership could offer Snap a new source of revenue.
It's allowed the club operator to offer more free shipping.
And adding two new unlimited data plans.