How much does Amazon.com have in stores?
The online retailer is currently selling more than 1.2 million items in more than 40,000 locations worldwide, according to the company’s quarterly earnings report.
That’s an average of nearly 1.1 million items per day.
That means the online retailer has more than double the inventory it currently has at its full-line retail stores, as well as online distribution centers, in an effort to keep up with growing demand.
That inventory, plus its fulfillment centers, is what makes it so attractive to many of Amazon’s customers, many of whom are also customers of other retailers.
It’s also a big reason why Amazon has been able to stay afloat even as it has struggled to expand into new markets.
The company reported a record-setting $9.8 billion profit in the fourth quarter of 2016.
It also has more cash and stock than it needs to continue operations.
“Amazon is a major force in the marketplace, and we’re seeing a great resurgence in the value of those stores,” said Craig Moffett, chief executive officer of MoffettNathanson.
“The more we can add, the more we will be able to continue to attract customers.”
While Amazon has long been a leader in the online marketplace, the company has also experienced significant growth over the past few years.
Amazon’s online sales increased 25% to $2.1 billion in the first quarter of 2017.
Its online retail sales increased 37% to more than $7 billion.
The stock market has been a hot spot for Amazon in recent years, with shares rising more than 150% in the past year.
Amazon reported an operating loss of $2 billion in 2016, down from a loss of more than 10% a year earlier.
In a recent earnings call, Amazon Chief Financial Officer David Filo said the company expects to continue growing its online business as it continues to expand its fulfillment operations.
The Amazon online retail business is also expanding into new categories, such as home goods and apparel, and new categories are expected to expand in the near future, he said.
“As we add new categories to our business, we expect our revenue growth will continue to grow,” Filo told analysts.
“We expect that growth to continue at a rate of 5% annually.”