Pain for Local Mainstreet Businesses | Legacy Wealth Management

Earlier this month Amazon had its Prime Day event, a 48-hour campaign meant to offer its Prime subscribers a variety of deals across a broad range of consumer goods.

While Amazon itself doesn’t release its official sales figures for the campaign, estimates by various e-commerce research experts such as Digital Commerce 360 showed a meteoric rise in revenue.

As Statista’s Florian Zandt shows in the chart below, revenues grew from around $900 million in 2015 to more than $12 billion in 2022.

Material prepared by Sherman Portfolios, LLC.

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