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Feature Article

04/19/2018 - 10:21am By: The Fly

Amazon's (AMZN) CEO Jeff Bezos told investors that the company has exceeded 100M paid members globally and has shipped more than 5B items with Prime worldwide. The good news for the e-commerce giant may not end there, as Morgan Stanley analyst Brian Nowak told investors that his analysis shows that Amazon has gained 1.5% of U.S. apparel market share in 2017 and may achieve number one U.S. apparel market share in 2018 as Prime members and Millennials shift spending to Amazon and away from traditional brick and mortar retailers. 100M PAID MEMBERS: According to a regulatory filing, Amazon said that it has exceeded 100M paid Prime members globally 13 years post-launch. In 2017, Amazon...

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