Amazon the prime eCommerce Player: Three other Biggis to Watch out
The emerging technologies and innovative approach had given rise to e-commerce platform so much so that life without e-commerce is difficult to imagine. One such leader in the e-commerce space is the Amazon e-retail website that has got all of us under its sway. The growing business and opportunities that it has in store for you has only served as a win situation to the customers, business and the startups as well.
The eMarketer had an expected sales of $2.290 trillion in 2017, accounting for 10.1% of total retail sales. This share is expected to surpass 16% by 2021, when e-commerce sales are expected to hit $4.479 trillion. China and the United States together are expected to garner $1.584 trillion in ecommerce sales this year, representing 69.1% of global ecommerce.
Another research firm, Forrester Research Inc. projects online sales to account for 17.0% of all retail sales in the next five years. It expects e-commerce to account for 17.0% of retail sales by 2022, up from a projected 12.9% in 2017.
Amidst all the estimation, Amazon, hands down, still serves to be the master of the game. Owing to the scalability, loyalty and innovative technical approach, there is no doubt that the other emerging e-commerce business will witness Amazon as its biggest competitors. Talking data, Amazon has enjoyed a significant growth in the past two years. Be it for the shares or for the performance in the industry there has been 69.3 increased stocks gain. Outperforming the industry standards, Amazon has emerged as the pioneer and has easily enjoyed the first mover advantage in the online retail space.
With expertise in technical front, Amazon has managed to offer unmatched level of shopping experience to its customers. In addition, key knowledge of the market conditions and the acquisition of varied business has paved its way to unleash the seamless success of Amazon.
The world class approach has driven Amazon to strike the winning edge yet again on Cyber Monday. The company announced that Cyber Monday was the biggest shopping day worldwide in its history, surpassing Prime Day 2017 held in July. Additionally, SimilarWeb insights research emailed to Retail Dive that the Amazon’s desktop conversion rate rose nearly 23% and site visits increased 50% compared with other Black Friday weekend holidays.
Despite reaping great returns and sustenance of being a leader, Amazon has never limited it’s reach within the existent limits. The company has time and again, invested good amount in expansion. However, it has always provided limited details on when this investment phase would end.
Further, currency fluctuations and saturation of Prime in the United States and are deterrents for investments. Hence here are our Picks that are good for investments:
Top Picks for investment in eCommerce Sector
- EVINE Live Inc. (EVLV – Free Report), a multiplatform video commerce company in the United States, holding a Zacks Rank #2 (Buy) and a VGM Score of A, has seen a steep increase in the earnings in the recent past. EVINE Live’s growth rate for the current year was 109.5%, a lot higher than the industry’s 7.7%. The stock’s earnings are likely to grow more than 100% next year.
- PetMed Express, Inc. (PETS – Free Report), headquartered in Delray Beach, FL, involved in marketing health products directly to consumers through online and direct mail/print advertising, holds a Zacks Rank #1 (Strong Buy) and a VGM Score of B. The company has surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 23.5%. PetMed’s growth rate for the current year is 42.5%. The stock has returned approximately 77.4% compared with the industry’s growth of roughly 58.1%.
- Wal-Mart Stores Inc. (WMT – Free Report), the country’s largest brick-and-mortar retailer has made huge We note that the company is making huge investments in e-Commerce initiatives. Pitching the online gains due to the emerging business in the online space, the consumers are finding it convenient to purchase more and more online.
In addition, Wal-Mart has partnered with Alphabet’s Google to add voice-controlled shopping to its e-commerce arsenal. Notably, the company grew its online sales by 50% in the third-quarter. Currently, the company has a Zacks Rank #2 and a VGM Score of B. The growth rate for the current year is 2.48% and for 2019 is 5.82%. Also, Wal-Mart has outperformed the industry it belongs to on a year-to-date basis. The stock has returned approximately 40.4% compared with the industry’s growth of roughly 31%.
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