Big retailers already dominate Americans' lives. Their grasp on consumers is only getting stronger.
The three biggest retailers by revenue in the U.S.—Costco, Walmart, and Amazon—accounted for about 11% of total retail sales back in 2014, based on their reported figures measured against national retail sales data from the Commerce Department. Their share of the market has been growing since then. In their last three reported quarters, the behemoths selling everything from groceries to appliances made up about 17% of retail sales and roughly 57% of retail sales growth over that period.
Supermarkets have been a chronic casualty of the big retailers' rise. Grocery stores accounted for about two-thirds of food-at-home spending in the U.S. in 2000, but their share shrank to 54% in 2023, according to the U.S. Department of Agriculture. Over the same period, warehouse clubs and supercenters such as Costco and Walmart nearly doubled their market share to 23%.
Amazon hasn't grown its share of the grocery market much, but it captures a sizable share of everything else: About three-fourths of U.S. households have Amazon Prime, its paid membership program, according to a 2024 survey from Evercore.
هذه القصة مأخوذة من طبعة January 03, 2025 من Mint New Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 03, 2025 من Mint New Delhi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
NRIs: TDS compliance for share buybacks
As a resident Indian promoter of a private limited company, I'm buying back shares from a non-resident individual who helped secure export orders. Does this payment fall under the LRS, and what TCS/TDS applies?
How To Avoid A Dumping Flood
Trump's tariff war with China will also needle some Indian manufacturers
A Four-Point Budget Wish List for Indian Agriculture
Income, climate, natural resources, and human resource crisis weigh on agriculture
Co-investor exit rules need re-look
India-based venture capital and private equity firms have petitioned the Securities and Exchange Board of India (Sebi) to reconsider rules that mandate their co-investors exit alongside the fund, three people familiar with the development said.
Zomato backs Blinkit expansion amid losses
Zomato's Q3 profit drops 57%, weighed down by quick-commerce arm
Women, skip the bro-split and try the flow-split
Exercise plans aligned to menstrual cycles can be effective for women
LTIMindtree's global markets head quits
L TIMindtree Ltd's president of global markets, Sudhir Chaturvedi, has quit the company, leaving chief operating officer Nachiket Deshpande as the frontrunner to succeed current chief executive Debashis Chatterjee, whose term ends later this year.
Go First fails to take off, NCLT orders liquidation
Creditors await dues as airline's 20-month-long insolvency process ends
Private banking booms as ranks of super-rich swell
According to the Hurun India Rich List 2024, India saw one new billionaire every five days in the past year
Does India's Fiscal Profile Need A Facelift?
The role of fiscal policy becomes more crucial in the current cyclical slowdown
