Amazon Maintains Holiday Dominance Despite Stepped-Up Pressure

Amazon Maintains Holiday Dominance Despite Stepped-Up Pressure

Amazon maintained its online dominance in the 2017 holiday shopping season despite increasing competition from Wal-Mart, Target and Best Buy, according to Bloomberg.

Amazon captured 89 percent of all online holiday spending in the five-week period beginning on Thanksgiving, according to an analysis of credit- and debit-card transaction data by Earnest Research in New York. Wal-Mart, which purchased Jet.com in 2016 for $3 billion, remained a distant second a 4.4 percent.

The data show market share has changed little from a year ago even as more spending shifts online. That suggests brick-and-mortar stores are keeping their customers, even as more shoppers shift their spending to the stores’ websites, said Andrew Robson, president and chief revenue officer at Earnest. Traditional retailers have been trying to match Amazon’s strength by offering more products online and adding new services like letting shoppers find and purchase goods on the web and pick them up at nearby stores.

Earnest has launched a “Consumer Insights & Competitor Intelligence” tool that measures consumer preferences across multiple brands. A recent comparison of Wal-Mart and Amazon shoppers found that Amazon’s customers prefer to buy clothing from Banana Republic, workout gear from Under Armour and fast food from Domino’s Pizza while Wal-Mart shoppers prefer H&M clothing, Foot Locker athletic gear and Taco Bell.

More from category

Facebook Reassures Partners It Will Help Them Adjust to New Policy

Facebook Reassures Partners It Will Help Them Adjust to New Policy

16 Jan 2018 comment

Facebook, seeking to calm creators of articles and video after announcing a change in how their work will be promoted in its news feed, sent an email pledging to help them adapt, according to Bloomberg.

GoPro Is Said to Hire JPMorgan to Advise on Potential Sale

GoPro Is Said to Hire JPMorgan to Advise on Potential Sale

16 Jan 2018 comment

GoPro has hired investment bank JPMorgan to advise on a potential sale of the struggling wearable-camera maker, according to Bloomberg, citing a person familiar with the matter.

Infosys Profit Rises on Client Wins and a One-Time Tax Benefit

Infosys Profit Rises on Client Wins and a One-Time Tax Benefit

15 Jan 2018 comment

Infosys posted a 38 percent surge in third-quarter profit on a tax benefit and investments in digital technologies as its new CEO maintained forecasts for slowing sales growth.