A new report from GlobalData reveals that Amazon accounts for more than a third of online sales in the UK.
Bigger than John Lewis, Marks & Spencer, Aldi and Boots, the internet behemoth Amazon now accounts for £4 in every £100 spent in the UK, making it the fifth biggest retail business in the market, topping some of our highest-profile department stores. Only Tesco, Sainsbury’s, Asda and Morrisons are bigger.
Last year it increased its retail revenue in the UK by around 22.5%, stealing share from competitors by outpacing wider online market growth of 8.4% by a factor of 2.6. Buying from Amazon now accounts for 33.5% of all spending online – more than a third.
Sofie Willmott, senior retail analyst at GlobalData, said: “Amazon is soaring up the ranks of UK retail with the online behemoth only held off the top spot by the big four grocers in 2017.
“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, is evidence of how Amazon has continually innovated and succeeded in meeting consumer needs, in terms of both product range and shopping experience.”
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