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.
The list below shows retailers annualised revenue as a proportion of total UK retail spend in 2017 according to GlobalData.
- Tesco – 12.5 per cent
- Sainsbury’s – 6.8 per cent
- Asda – 6.6 per cent
- Morrisons – 4.4 per cent
- Amazon GMV – 4.2 per cent
- John Lewis PLC – 3.3 per cent
- Marks & Spencer – 3.3 per cent
- Aldi – 3 per cent
- Alliance Boots – 2.6 per cent
- Dixons Carphone – 2.3 per cent
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.
“Its dominance in the retail market considering it primarily sells non-essential items in comparison to the grocers who benefit from selling indispensable, everyday goods, and that it does not have any physical stores in the UK, is evidence of how Amazon has continually innovated and succeeded in meeting consumer needs, in terms of both product range and shopping experience.’’