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Jeff Bezos Just Confirmed Amazon’s Growth Is Slowing reinforces the idea that Amazon needs to up its retial game:
"Based on Bezos’s letter and Amazon’s previous disclosures, it’s possible to roughly calculate Amazon’s gross merchandise volume dating back to 2015. It’s a remarkable number — nearly $300 billion worth of goods sold on Amazon last year. ...
But there’s a dark cloud in Amazon’s figure. The growth of Amazon’s total merchandise sales slowed considerably last year, according to Bloomberg Opinion calculations based on Bezos’s disclosures. This figure is not the first sign than Amazon’s retail juggernaut may have slipped a bit.
In 2018, Amazon’s nearly $300 billion in GMV was about a 19 percent jump from the prior year. That was notably slower than the rates of increase of 24 percent and 27 percent, respectively, in 2017 and 2016."
Apr 12, 2019, 3:47:27 PM
Posted to What is Amazon?