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05/07/2018

Report: Amazon will keep growing at ‘amazing’ rate

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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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