89% of 2017 Online Holiday Spending Went Through Amazon

Nah, no risk of monopoly here. Move along folks. JL

Spencer Soper reports in Bloomberg:

The purveyor of everything under the sun maintained its 89% share of spending in the five-week period beginning on Thanksgiving. The fact that the balance among the group including Wal-Mart Stores Inc., Best Buy Co. and Target Corp. was little changed from a year ago, however, suggests that “traditional brick-and-mortar retailers are figuring out how to maintain share,”

Amazon.com Inc. took the biggest slice of the online U.S. holiday-shopping pie last year among a four-retailer peer group tracked by New York-based Earnest Research. The purveyor of everything under the sun maintained its 89 percent share of spending in the five-week period beginning on Thanksgiving, according to the researcher. The fact that the balance among the group including Wal-Mart Stores Inc., Best Buy Co. and Target Corp. was little changed from a year ago, however, suggests that “traditional brick-and-mortar retailers are figuring out how to maintain share,” said Earnest President Andrew Robson.