Home industry retail bravo Amazon! It is your high point

Bravo Amazon! It is your high point

Retail

CIO Bulletin
2018-04-17

Amazon stole the show as it is the fifth biggest retailer in the UK. According to GlobalData, Amazon grew its sales from 8.4% in 2017 to 22.5 % in 2018. And the online spend has raised from 29.6 per cent in 2016 to 33.5 per cent in 2017.

Globaldata’s senior retail analyst Sofie Willmott said “Its dominance in the retail market considering it primarily sells non-essential items in comparison to the grocers who benefit from selling indispensable, everyday goods, and that it does not have any physical stores in the UK.”

She added that although there are no stores in UK, Amazon has demand in terms of product range and shopping experience. Amazon comes right after Morrisons in the list; Morrisons is in the fourth position in terms of retail spending while the remaining 3 supermarkets dominate the top spots.

Tesco represented nearly double its nearest rival Sainsbury’s, while department store John Lewis and Marks & Spencer came in joint sixth place behind the online giant. Sofie mentioned that Amazon is only 4 ranks behind to reach the top spot which is great to hear.