Amazon.com Inc’s dominance in online retail is clear to see: The so-called Everything Store captures 49% of retail e-commerce sales in the US, thanks in large part to its 95 million-strong army of Prime customers, who in July contributed to an estimated US$4bil (RM16.31bil) spent globally in just 36 hours during a promotional binge that Jeff Bezos created out of thin air.
For comparison, that’s more than Church & Dwight, maker of Arm & Hammer baking soda and Trojan condoms, generates in a year.
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