Amazon sales growth halves
AMAZON’S sales only grew by 12.6 per cent to £4.5bn in the UK last year, a slowdown from its previous growth of 21 per cent in 2011 and 2012.
The online retailer’s UK sales rose by around $800m compared to sales a year earlier, but came in under 2012’s rise of $1bn and 2011’s $1.4bn.
The slowdown has been linked to the increasing competition from high street retailers such as John Lewis, Dixons and Argos who have all been increasing their online presence with initiatives such as click and collect.