October 20, 2021

The five biggest retail technology news stories of the week — Retail Technology Innovation Hub

4. British sellers make over £2.5 billion a month on Amazon

13,483 UK Amazon sellers now operate in the UK, making almost £2.5 billion a month in sales or 5.5% of the entire UK retail (including fuel) sector’s turnover in June, according to Thrasio.

Its research found that London leads the way, with £263 million in revenue generated each month, followed by £66 million in both Birmingham and Manchester, £28 million in Nottingham, and £14 million in Bristol.

The highest average revenues are made by sellers of  books, clothing and pet supplies. 

The most popular categories include groceries, DIY and tools, home and kitchen products and sports and outdoors. Nearly 5,500 sellers operate businesses in these categories alone. 

5. Covid outbreak sees Amazon become bigger than Walmart

The New York Times is reporting that consumers spent $610 billion at Amazon from June 2020 to June…

Read full article here: retailtechinnovationhub.com