The total sales from e-commerce retailers is growing at a substantial rate each year. If the current trends continue, they will continue to raise by 10%-12%.
Below is a list of the top 10 e-commerce companies today. There is no surprise that amazon ranks in as #1. Total annual revenue from all e-commerce retailers comes out to $201 billion. By looking at this chart you can see what an impact just these top 10 companies are having on the economy.
|Company:||E-commerce Sales(in U.S. millions):||E-commerce Share of Total Sales:|
|2. Wal-Mart Stores Inc.||$13,484||2.8%|
|6. The Home Depot||$4,267||5.0%|
|7. Best Buy||$3,780||9.4%|
|9. Costco Wholesale||$3,618||3.1%|
It is interesting to see that all of these stores are also brick and mortar stores. Referring back to my old post, maybe it is beneficial for strictly online retailers to make the move to a physical location.
“In a recent Think Tank column in WWD, Jordy Leiser, cofounder and chief executive officer of StellaService, said omnichannel investments are worthwhile “since brick-and-mortar retailers are taking the idea of convenience to a new level. In fact, the key to the survival of traditional retail is using the one weapon that online-only models don’t have: a network of existing stores.”” – WWD
Are there any stores in the top 10 that you are surprised to see? Any stores you thought would make the list? Let me know in the comments!