Seeking Alpha reports this morning that "a monthly consumer survey conducted by Cowen Research found that Amazon cut deeper into Wal-Mart and Target's market share in the grocery/consumables category.
"The e-commerce giant showed 18% year-over-year growth, while sales at both Wal-Mart and Target fell back from a year ago," the story says.
"The e-commerce giant showed 18% year-over-year growth, while sales at both Wal-Mart and Target fell back from a year ago," the story says.
- KC's View:
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Amazingly, I still bump into retailers from time to time who do not think they are competing with Amazon. My message to them, delivered as gently and compassionately as possible, is that they are kidding themselves.
I hope that they're paying attention to studies like these.
