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Amazon made 10x more money than any other e-commerce site during 2016 holidays [Slice data]
Slice Intelligence says Amazon earned 38 pct. of all online revenue in the US for the second straight year.
Based on a panel of more than 1.3 million US online shoppers, Amazon claimed 38 percent of all online revenue during the just-completed holidays. That’s a slight gain over its 37.9 percent share during the 2015 holidays.
But it’s also another sign of the company’s ownership of US e-commerce dollars. According to Slice’s panel, Best Buy was again the No. 2 e-commerce site during the holidays, but with only 3.9 percent of all online revenue, it earned about one-tenth of what Amazon earned. This eye-opening chart shows how big Amazon’s lead is over the rest of the top ten e-commerce sites.
Apple saw the biggest year-over-year growth, going from 1.7 percent in 2015 to 2.4 percent last year. Walmart, Macy’s, Nordstrom and J. Crew all saw small declines in e-commerce revenue share.
Online sales were up 20 percent overall during the 2016 holidays, Slice says.