Amazon enjoys Christmas surge in popularity
Amazon has enjoyed a seasonal surge in popularity after the Christmas break with global sales hitting £14bn in the final three months of last year, up 30% on the same period in 2011 reports the Telegraph..
The world’s largest online retailer is gaining an ever bigger share of the market as consumers conduct more of their shopping online, a pattern which is set to accelerate following the high profile collapse of some of the biggest names on the High Street; notably HMV, Blockbuster and Jessops.
Neil Saunders at retail analysis firm Conlumino said: “The failure of high street players will just drive more people to Amazon. Now that Jessops has gone, if you want a camera, you’re more likely to go to Amazon."
Amazon has invested billions in new warehousing recently to cope with rising demand but has come under fire for dodging corporation tax in the UK, one of its key markets.