E-commerce giant Amazon to hit $162 billion in revenue in 2022
The worlds largest eCommerce Amazon is set to hit over $162 billion in revenue in 2022.
The net sales of Amazon’s marketplace is being anticipated to exceed further with $16 billion by next year, rising to over $162 billion.
According to StockApp.com, this follows the massive growth over the past two years.
It’s being instigated that the COVID-19 pandemic may have played a significant role in boosting Amazon’s sales and revenue growth in general.
Before the pandemic, eCommerce net sales usually increases with over $10 billion yearly, although it tripled to reach over $120.9 billion in 2020 from $86 billion in 2019.
In 2020 alone, Amazon sellers reportedly sold over $300 billion worth of goods.
According to the Future Shopper Report, 48 per cent of shoppers worldwide chose Amazon as their favorite shopping platform while another 37 per cent preferred the platform for buying toys and 29 per cent for “tech purchases”.
Although the giant retail company has various online stores like amazon.co.uk, amazon.de, and amazon.fr, statistics have shown that the United States remains its largest market.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
UN envoy meets INEC chairman, pledges support for credible polls
Mr Simão reassured of the United Nation’s support for INEC.
Africa
Coca-Cola invests $1.22 million in Namibia water security project
The project is being implemented in collaboration with the Global Water Challenge (GWC) and World Wildlife Fund (WWF) Namibia.
NationWide
NCoS moves 3,000 extremist offenders for court proceedings
The event was organised by the Office of the National Security Adviser (ONSA).
States
PCC received 3,397 complaints in Kano in nine months: Commissioner
The commissioner noted that most of the complaints were successfully resolved without any charges to the complainants.
Heading 5
Uzbekistan slams general visa ban on Nigerian passport holders
The ministry of foreign affairs of Uzbekistan made the disclosure in a message rejecting a visa application.
Hot news Home top
Judicial Corruption: NJC warns judge over ex-AGF Malami bail ruling, places him on watch list
The council explained that Mr Kawu granted Mr Malami interim bail despite a subsisting remand order issued by another judge of the same court.
