Amazon still king of e-commerce jungle

Filed under: Company News , Earnings I’m an Amazon (NASDAQ: AMZN ) shopper (my Kindle 2 is supposed to arrive today!), but I was still surprised to Financethat the company could be responsible for one out of every three online purchases. Barron’s quotes RBC Capital analyst Stephen Ju as estimating that Amazon’s direct sales and the value of third-party sales made through the site added up to 34% of all internet sales. The U.S. Census estimated that e-commerce retail sales last year totaled $103 billion dollars, meaning Amazon touched $44.5 billion worth. Last year, Amazon reported sales of $19 billion. How much of

of that comes from third-party sales, from which Amazon takes a fixed fee, revenue share fee, or per-unit activity fee , is a point of great speculation. Ju’s estimate of a 34% share represents an increase of 7% over the previous year. Amazon’s net sales were up 28% during the same interval, although its inventory turnover was down slightly, from 13 to 12. Continue reading Amazon still king of e-commerce jungle Amazon still king of e-commerce jungle originally appeared on Daily Finance on Thu, 16 Apr 2009 08:30:00 EST. Money.Finance|Finance|Finance

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Amazon still king of e-commerce jungle