Amazon now 5th largest retailer in UK

| April 16, 2018

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Amazon is now the fifth biggest retailer in the UK accounting for £4 in every £100 spent in retail in the UK last year.According to new data from analytics firm GlobalData, Amazon’s online sales growth well outpaced wider online sales growth in the UK, growing 22.5 per cent compared to the UK average of 8.4 per cent in 2017.It is estimated to have accounted for 33.5 per cent of all online spend in 2017, rising from 29.6 per cent in 2016. Amazon was just behind supermarket chain Morrisons in terms of retail spend, while the rest of the Big 4 supermarkets dominate the top spots. Tesco represented nearly double its nearest rival Sainsbury’s, while department store John Lewis and Marks & Spencer came in joint sixth place behind the online giant. “Amazon is soaring up the ranks of UK retail with the online behemoth only held off the top spot by the big four grocers in 2017,” Globaldata’s senior retail analyst Sofie Willmott said.

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Skava’s cloud-native commerce platform, Skava Commerce, uses microservices-based technology to help retailers and enterprise-sized companies quickly create personalized omnichannel experiences. Businesses can deploy our full platform or choose only the components they need to enhance their existing digital commerce stack. Skava’s modular architecture enables brands to continuously innovate, accelerate time to market, and delight customers with fewer resources. Category leaders and Fortune 500 companies make up Skava’s customer roster which includes Barnes & Noble, T-Mobile, Urban Outfitters, and many more.

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