In case you were questioning Amazon’s dominance in the retail space, here’s another reminder that the retailing giant is far ahead of any Big Box store.
Research firm Baird Equity Research estimates that Amazon sold $59 billion worth of products in the second quarter of 2016, Business Insider reports. That’s six times as much as the next eight retailers combined, including Walmart, Target, and BestBuy, which sold around $10 billion in products.
The retailer’s sales growth is even more impressive: It jumped from $45 billion in the second quarter of 2015 to $59 billion in the second of 2016, an increase of 31%, per Baird’s estimates. That’s about 10 times the growth of the other eight companies combined.