News

Apple Becomes #2 Online Retailer, Behind Amazon

Apple’s online sales jumped 24 percent last year.

Apple has surpassed Staples and claimed the number-two spot for online retail sites, according to a report by Internet RetailerApple’s sales jumped 24 percent last year by making $18.3 billion in online sales.

Staples sales, on the other hand, only rose about 1 percent to $10.4 billion. This was matched by similarly sluggish performance in its retail sector, Office Depot online sales grew by 1 percent to $4.1 billion and while Office Max saw its online sales remain flat at $3.2 billion

Amazon retained its first place position solidly and sold $67.8 billion in electronics, media and other products, out-earning its next ten rivals combined, reports  The Wall Street Journal. Yet even Amazon was not invincible, and for the first time in a decade saw the pace of Walmart’s online sales operation outstrip its own, growing at  3o percent  to $10 billion last year, as opposed to Amazon’s 20 percent growth during the same time period.

Wholesale club Costco also enjoyed a milestone–it made its first top 15 appearance.

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

Click to comment

TRENDING RIGHT NOW

To Top