Booming online sales are boosting the top line for North America’s leading web retailers but having the opposite effect on the bottom line for at least some of them.
Global web sales increased 17.7% in 2018 for the retailers and brands in the Internet Retailer 2019 Top 1000 rankings of North America’s leading online retailers. And it wasn’t just Amazon.com Inc. that’s growing: Even when taking out Amazon, No. 1 in the Top 1000, the rest of the Top 1000 increased their web sales by 16.8% over the prior year.