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Online Retailers are Growing Faster than Amazon

Lots of Internet Retailer’s 2019 Top 1000 names the 342 midsized and larger merchants that exceeded Amazon’s growth rate in 2018, one of more than 200 data points for North America’s Business news1,000 leading e-retailers.

CHICAGO, April 18— Amazon.com Inc. has more than doubled its share of the North American ecommerce market in the past six years, but it’s far from the only game in town, as Internet Retailer’s just-released 2019 Top 1000 reportdocuments. In fact, 342 of the retailers and brands ranked in the Top 1000 exceeded Amazon’s 20.0% online growth rate in 2018.

Who are those 342 companies? You can find every one of them listed in the 2019 Top 1000 report, which provides more than 200 data points for each of the 1,000 companies ranked, from giants like Amazon and Walmart Inc. to The Shade, an online-only retailer of custom window treatments that is No. 1000 in this year’s Top 1000.

The Shade increased its online sales 24.0% in 2018 over the prior year, Internet Retailer estimates, and it’s just one of the many lower-ranked retailers that are growing rapidly online by offering unique products and innovative services, often undercutting the prices of established retailers in their categories. In fact, the fastest-growing group of Top 1000 retailersare those ranked 401-600, which collectively increased their online sales by 22.5% in 2018.

The 2019 Top 1000 report is loaded with data that goes far beyond sales growth. For example, the report estimates that the overall conversion rate for Top 1000 retailers—the percentage of website visitors that ends in a purchase—averaged 2.5%, but varied widely by category. For example, a 5% conversion rate would be disappointing for an online flower retailer, while 3% would be spectacular for a furniture website.

Need to know the average ticket on a retail website by merchandise category, the typical minimum purchase required to get free shipping, how many of North America’s online retailers offer live chat on their websites? All of that and much more can be found in the 2019 Top 1000 report.

“Internet Retailer has been reporting on and researching online retailing for 20 years, and we have an unparalleled database of detailed information about the leading ecommerce players,” says Molly Love, CEO of Vertical Web Media LLC, publisher of the Internet Retailer 2019 Top 1000 report. “This year’s Top 1000 report digs into exciting new developments in ecommerce, including the big surge in online grocery sales and the growth of omnichannel services offered by store-based retailers. For anyone competing in or following ecommerce, this report is a treasure trove of data that can’t be found anywhere else.”

 

Purchase the brand-new 2019 Internet Retailer Top 1000 Report.

 

ABOUT INTERNET RETAILER RESEARCH

At Internet Retailer Research our goal is to provide data and information about e-commerce that helps retail companies, investors and technology providers prosper. The team tracks hundreds of metrics on roughly 6,000 online retail companies around the world, including such sought-after data points as web sales and traffic, conversion rates, average order value and key technology partners used to power their e-commerce businesses. We sell this data in its raw format in our multiple online databases, and we dig deeply into these numbers in our custom research division, and to help inform our 30+ exclusive analysis reports we publish each year on key e-commerce topics, including online marketplaces, cross-border e-commerce and omnichannel retailing.

published gloucestercitynews.net | April 19, 2019

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