There’s no doubt about it — in and out of the eCommerce retail arena, retail titan Amazon is a force to be reckoned with.
Over the past few years, Amazon has seen significant revenue growth. Bloomberg’s Devin Leonard reported on the eCommerce giant’s growth as being $34 billion in 2010, which increased to $107 billion in 2016. While Amazon is predicted to sell 7.2 billion items this year, it’s predicted this number will likely shoot up to 12.6 billion by the year 2020.
With Amazon’s latest news of its acquisition of Whole Foods, it’s likely we’ll see the eCommerce company’s retail footprint continue its upward trajectory.
Here are the numbers:
$13.7 billion | Amount Amazon paid for Whole Foods acquisition
$1 billion | Before this deal, Amazon had not made an acquisition of any company for over this price
431 | Number of Whole Food locations that now belong to Amazon
12 percent | Average percentage of household budgets dedicated to groceries and food
70 percent | Percentage of surveyed Amazon customers who use connected devices for improved shopping experiences