Amazon.com Inc’s dominance in online retail is clear to see: The so-called Everything Store captures 49% of retail e-commerce sales in the US, thanks in large part to its 95 million-strong army of Prime customers, who in July contributed to an estimated US$4bil (RM16.31bil) spent globally in just 36 hours during a promotional binge that Jeff Bezos created out of thin air.
For comparison, that’s more than Church & Dwight, maker of Arm & Hammer baking soda and Trojan condoms, generates in a year.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
