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These Retailers Are Making More Money Than Amazon

August 24, 2016

 

 


These Retailers Are Making More Money Than Amazon

Aug 18, 2016 | Champaign Williams, Bisnow

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.

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

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