Amazon now one-third of all U.S. e-commerce, analyst says
Summary: Amazon could be responsible for nearly a third of all U.S.
Amazon could be responsible for nearly a third of all U.S. e-commerce transactions, RBC Capital analyst Stephen Ju asserted in a research note this morning via Barron's.
Amazon's reported revenues are a mix of gross revenues from its own businesses plus net third-party commissions. Amazon's never given concrete figures for these two areas other than as a percentage of units shipped, but the question is simple: how much third-party gross merchandise value is flowing through Amazon?
How much e-commerce is Amazon is actually facilitating?
According to Ju, it's close to one-third and Amazon continues to gain share. Which is incredible, and notable in a deepening global recession.
The novelty of Amazon really hit home in the U.S. when it became widely-known that you could buy products online without paying sales tax. That fire continues to be stoked state by state, but if you think about just how much sales volume Amazon represents, it's a wonder the federal government hasn't had more inroads in the situation.
Still, all hasn't been rosy in Seattle. The recent "Amazonfail" flareup over items that were incorrectly tagged as "adult" certainly hurt the online retailer, but a minor issue with the Kindle 2 hasn't appeared to have hurt that product's sales. What's more, eBay made moves yesterday to get leaner and meaner.
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Talkback
Wow..... 1/3 of all U.S. e-commerce
I don't know..... 1/3 of all U.S. e-commerce.... is that getting close to a monopoly? Or is there someone out there with even more of a majority than Amazon.
Re: now the Government will tax it to death....
everything then watch it collapse.
Obama won't tax it, states will
fanboy
The Obama states are all going broke, so it is easy to assume a pro tax executive will relieve those federal tax restrictions (gotta spread that wealth and prop up his broke Blue states).
Quit living in a bubble and read something besides the Oprah Magazine, and try not to spill your latte on the Macbook when you do.
Read:
http://bits.blogs.nytimes.com/2009/01/13/court-to-amazon-keep-collecting-sales-tax-to-new-yorkers/
http://news.cnet.com/8301-10784_3-9919420-7.html
I'm so sick of ignorant Fan Boys.
(1) never heard of "Amazonfail" until now (2) sales taxes are owed
BTW the article needs correcting. If an individual buys an item from an out of state source the individual is responsible for paying their local and state sales taxes!
When states get wind of the money they are are owed the least they will do is require sellers to send a list of buyers to the state's revenue department.
Terry Thomas...
the photographer
Atlanta, Georgia USA
www.TerryThomasPhotos.com
eBay: Thumbs Down
Stick a fork in eBay, they're done.
That company has been going downhill since John Doughtnuthole started his ANTI-SELLER campaigns last year. The company has been in a slide every since. eBay will never return until the current management slate is GONE. Until then, sellers are still leaving in droves. It is probably already too late.
I agree! (nt)
I buy from Amazon all the time
Don't like E-Bay for purchasing.
RE: Amazon now one-third of all U.S. e-commerce, analyst says
RE: Amazon now one-third of all U.S. e-commerce, analyst says
RE: Amazon now one-third of all U.S. e-commerce, analyst says
www.http://www.stockozone.com/2009/04/amazon-strong-and-getting-stronger.html
RE: Amazon now one-third of all U.S. e-commerce, analyst says
moving in on closing the "loop-hole," notably California.
On the CA 540 the past few years, there's been a line
labeled "Use Tax" which asks the filer to list all out-of-
state purchases that were not taxed...and the state will
conveniently deduct the equivalent sales tax (called a "Use
Tax") from your refund. The past few years have been trial
balloons, but this year it's become integrated into the
whole filing mechanism. In a year or two, it'll probably be
automated and the state will present you with a bill
whether you volunteer the information or not.
EAR