At Fung Global Retail & Technology, my team and I have been keeping a close eye on Amazon. Last week, Amazon announced it will be introducing new private-label brands that will mark its first push into perishable foods, diapers and vitamins, according to The Wall Street Journal. The e-commerce giant is having a year of growth, innovation and, most significantly, disruption. Last year, Amazon generated 27% of total retail growth and accounted for $0.42 of every $1.00 of growth in e-commerce in the US. Despite its size, Amazon managed to increase its worldwide revenue by 28% last year, to a total of $29.1 billion.

from Forbes – Tech http://ift.tt/1TUjizH
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