Amazon was founded by Jeff Bezos in Washington, on July 5, 1994. It started as an online marketplace for
books but expanded to sell electronics, software, video games, apparel,
furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the US In 2017, Amazon acquired Whole Foods for US$13.4 billion, which substantially increased its footprint as a physical retailer. In 2018, its two-day delivery service, Amazon Prime, surpassed 100 million subscribers worldwide.
Amazon is now truly an international and dominant force around the World, they operate in all the major regions: Amazon USA, Amazon UK, Amazon Australia, Amazon Spain and Amazon Japan to name just a few.
It would be even better if more UK companies would step up and recognise the potential of the internet, more and more convential retailers are but it is late in the business cycle now for many, and they have learnt the hard way during the Pandemic lockdowns in the United Kingdom.
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