These Retailers Are Making More Money Than Amazon
Aug 18, 2016 |
We all know department stores are suffering from low sales due to e-commerce. Last week, Macy’s announced it’s closing 100 stores, or 15% of its portfolio, and JC Penney and Gap are making similar moves.
But that doesn’t mean all retailers are struggling. E-commerce king Amazon.com raked in $1.93B in profits and $120.6B in revenue in the past 12 months, but these 10 bricks-and-mortar players are topping that, according to USA Today.
