Jeff Bezos: Amazon is still 'small'—90% of US retail sales happen in brick and mortar stores via CNBCMakeIt
Amazon has a market capitalization of more than $900 billion dollars. In 2018, Amazon had sales of $232.9 billion, according to financial statements released in January. Bezos, the richest person in the world, is currently worth $115 billion, according to Bloomberg.
Indeed, annual revenue at Walmart, for example, was over $500 billion in 2018, according to its annual report. "With Amazon Go, we had a clear vision. Get rid of the worst thing about physical retail: checkout lines. No one likes to wait in line. Instead, we imagined a store where you could walk in, pick up what you wanted, and leave," Bezos writes."We now have 10 stores in Chicago, San Francisco, and Seattle, and are excited about the future."
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