Amazon is Coming to Australia in 2017: Are You Ready?

Corporate Finance & Restructuring | Retail & Consumer Products

December 21, 2016

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As a U.S. headquartered company, FTI Consulting has seen first-hand the impact of Amazon on the retail market. In the U.S., Amazon accounts for 50% of online retail sales growth and 24% of total retail sales growth. Its growth, at 26%, is twice the growth of total online sales.

Amazon now accounts for around 20% of the $460,000,000,000pa in online sales in the U.S., but when you include third-party sales Amazon’s market share rises to over 40%. In 2017, they are forecast to surpass leading department store Macy’s and become the largest apparel retailer in the U.S. Further, Macy’s has announced that they will close 100 stores and are heavily investing in online sales initiatives.

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