Introduction
For the last two decades, Amazon has been busy revolutionizing the retail industry. It started selling books online in 1994, expanded to CDs and DVDs three years later, then came toys, electronics, jewelry, groceries, shoes, the Amazon Marketplace, and more.
Today, the
company sells more than 450 million items
online. In 2015, it sold more than $107 billion
worth of merchandise online. The entire US
ecommerce market was worth $341.8 billion last
year. Other retailers may never be able to match
Amazon’s reach, inventory, or technology back
end and know-how. But they can match or even
beat Amazon in the customer experience they
deliver.
Along the way, it’s entered the cloud computing
business, produces its own TV shows which it
streams on its own video-on-demand service,
and designs and sells its own hardware devices.
And it’s moving into physical retail stores,
opening a brick-and-mortar store in Seattle, with
plans to open more stores in the near future.
In short, Amazon has become the 800-pound
gorilla.
Established
or startup online retailers or brick-and-mortar
retailers looking to build and grow their online
presence have to contend with Amazon at some
point.
Other retailers may never be able to match
Amazon’s reach, inventory, or technology back
end and know-how. But they can match or even
beat Amazon in the customer experience they
deliver.