Amazon Becomes Online Retail Powerhouse; Leaves Most Competitors Behind

Online retailer Amazon.com’s investments in infrastructure and logistics have begun to pay off, according to market analysts. It is grabbing a growing share of the online retail markets in the United States and overseas, attracting more consumers to its Prime fast-shipping program, and is gradually realizing bigger profits from online sales. According to analysts, Amazon is so ahead of the game it is virtually impossible for other e-commerce companies to catch up with the online retail giant. Also, some analysts believe there are no credible competitors among other online retailers. This does not mean, however, that Amazon can relax at the moment. It faces serious challenges in the overseas market and that although it has seen rising sales in India, it continues to find it hard to break into China’s online retail market. Local online retail giant Alibaba’s sales and profits are exponentially larger than those of Amazon.