13May

How Amazon Killed The Department Store, In Five Charts

The following five charts demonstrate how Amazon has taken  on retail – one of the most venerable sectors of the US economy, one which employs nearly 16 million workers… and won.

No growth in department stores in the past decade:


Department stores vs Internet shopping total sales:

And annual growth, or lack thereof…


At the current pace, online sales will surpass total General Merchandise sales in the next 2-3 years.


Finally, the market cap of Amazon alone is more than 8 times the entire US department store index.

 

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