Retail Predictions for 2017
Amazon (NASDAQ: AMZN) will have another great year as it continues to vacuum up market share. The Everything Store’s revenues grew by $20.98 billion during the first three quarters of 2016; rising from $107.01 billion in December to $127.99 billion in September. If this continues Amazon’s revenue will surpass $130 billion for first quarter 2016 and could potentially exceed $150 billion by January 2018 wow!! This will make Amazon, America’s leading retailer and the dominant force in the business. Among other things it will accelerate the scramble to expand online we’re seeing on the part of other retailers.
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