Report: Amazon will keep growing at ‘amazing’ rate

Amazon is poised to take an ever bigger share of the overall retail market.

The company’s investments in new and existing categories, including grocery, could help it grab nearly 10% of total retail sales within two years, reported CNBC. Citing a note that the Telsey Advisory Group wrote to clients, the report said that Amazon will continue to grow an "amazing" rate, putting the company’s retail industry market share at 9.6% by 2020.

According to the analyst’s note, Amazon will hit this threshold based on ongoing consumer spending that is shifting to e-commerce, and the company’s ability to gain increased wallet share across new and existing categories, such as apparel, grocery, home, healthcare, and media.

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