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.”
States
Police arraign three for stealing goats
The suspects are standing trial on two counts of stealing and receiving stolen property.
States
Court jails five for spraying naira notes
The judge held that the abuse of naira notes contravened Section 21(3) of the Central Bank of Nigeria Act 2007.
Heading 1
Shettima arrives in Ekiti for Oyebanji’s second-term inauguration
Mr Shettima arrived at the Ekiti Agro-Allied International Cargo Airport, where he was received by Senate President Godswill Akpabio and other dignitaries.
NationWide
FAO urges Nigeria to invest in innovation to tackle hunger, boost food security
The FAO representative in Nigeria emphasised that innovation delivers its greatest impact when it reaches the people who need it most.
Africa
AfDB invests $750,000 to support women entrepreneurs in Nigeria
Mr Sanwo-Olu said the AfDB grant would support revenue growth, business expansion and job creation.
Education
Pupils protest in Azerbaijan after ban on wearing hijabs
The new rule did not mention the hijab, but female students and teachers wearing Islamic headscarves were denied entry to schools.
