TOP ONLINE RETAILERS – ABC Money
Online retailers now dominate the market share for a wide variety of items including clothing, jewelry, kitchen items, small appliances, electronics, groceries, pharmacy products. Retail sales value is part of consumer purchases, which are responsible for nearly two-thirds of US economic growth.
Traditionally, retailers have marketed their goods and services through stationary stores or through discounters, dealers, grocery stores, warehouses or other retail stores. However, more and more retailers have made the change and are selling products online via websites, internet marketplaces and smartphone apps. The online marketplace is an e-commerce platform that sells many different items from many different vendors.
In reality, there are now over 100 retail markets that you could theoretically use to meet consumers shopping online – both in the US and overseas in regions like Asia and Germany. Billions in sales opportunities are just waiting to be unlocked. Let’s take a look at some of the best online retailers in the world.
Jeff Bezos founded the company as a bookseller in 1994. From that humble beginning, Amazon has grown to become the largest revenue-generating e-commerce company and possibly the largest online empire in the world.
Amazon had net sales of $ 177.9 billion in 2017, not just from book sales. Amazon has now developed into a full-fledged Internet marketplace with a variety of items from the fields of electronics, clothing, apps, pet supplies and of course books. With an annual profit of billions of dollars, hundreds of thousands of workers, and an exceptionally wealthy boss, Amazon is hands down the largest e-commerce company in the world.
Founded in 1999, the e-commerce giant was founded by Jack Ma in China. The largest online wholesaler. It provides services not only to customers but also to retailers. Think about the product and chances are that Alibaba has multiple vendors selling the goods in different copies. This applies to practically every object under the sun. Alibaba also has other websites such as AliExpress, Alipay, and Taobao.com. The company offers an infrastructure for a large number of companies.
Headquartered in San Jose, California, EBay is one of the world’s largest e-commerce companies. The e-commerce website provides a platform for C2C and B2C purchases. People will join in and upload their items for sale for other users to see. eBay offers a wide variety of product types that include just about all. What makes eBay so special and one of the top ten online companies in the world is its bidding function. Potential buyers are allowed to bid on goods and the highest bidder wins the item.
JD.com is a must have in every category of top ecommerce companies. It exists outside of Beijing and is considered a worthy competitor by many top e-commerce stores due to its rapid growth. It was created in 1998 and launched an online marketplace in 2004 – around six years later. Known for its high-tech distribution system, JD is a leading manufacturer of advanced package logistics using drones. They recently agreed to set up 150 drone launch centers in order to build a more powerful distribution network in rural areas.
Originally known as Buy.com, the online retail market was renamed when it was acquired by Rakuten.com. It is one of the largest e-commerce companies and the largest e-commerce website in Japan. It is also known as the “Japanese Amazon”.
Home Depot is the largest DIY chain and one of the world’s leading e-commerce companies today. With 2,200 retail stores on three continents, 40,000 employees, and annual sales of approximately $ 90 billion, Home Depot is a major player in the retail market.
Flipkart is a Singapore-based online store operating out of Bengaluru, India. Like Amazon, Flipkart originally focused on becoming a profitable online bookstore. After Flipkart made its place in the Indian economy as an online bookstore, it made a number of developments to expand its business.
If you are interested in clothing or want to become a fashion designer, then Zalando is for you. Zalando, one of the world’s largest e-commerce companies based in Berlin, focuses on the global sale of luxury clothing. A variety of brands are known there.
Otto is based in Europe and is not only one of the world’s leading e-commerce companies and perhaps one of the largest e-commerce companies in the industry. Not to mention one of the most influential of them all. Otto is a trading company that sells clothing, sports, equipment and electronic devices. It is one of the most visited website in the world where you can get almost anything you want from a creative and easy to use design on their website.
Because of their ever growing and growing market portfolio, these all-e-commerce companies have a significant impact on the online business environment. The big players in the market have all benefited from the move to the new medium and explored various business options to generate huge revenue.