Amazon’s online store net sales in the third quarter grew 2% year over year to $68.5 billion. The company’s physical store net sales increased at the same rate to $5.7 billion, according to a Thursday press release.
The company’s retail market share could continue to grow as long as it leverages its Prime member base, Telsey Advisory Group analysts said in a Friday note. “Amazon’s ability to fuel key growth opportunities—grocery, pharmacy, logistics, ads, and AI/tech infrastructure—should make it more valuable,” the analysts said.
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