Founded by Jeff Bezos in 1994 as an online marketplace for books, Amazon has since expanded to become the world’s largest online retailer, selling electronics, software, video games, apparel, furniture, food, toys and jewellery. Retail Week provides news, features, analysis and opinion about Amazon, online markerplaces and digital innovation and technology.
AI tools and assistants are now driving sales. We take a look at how this is affected this year’s Prime Day and online retail more widely.
Online retail spend in the UK has seen a huge year-on-year increase during day one of Amazon’s Prime Day event, according to Adobe Digital Insights shared with Retail Week.
Amazon’s capex totalled $132bn in its last financial year. Put all of the spending of major UK retail businesses together, and you don’t come close to that.
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