Glass jewelry boxes are popping up all over the US and Europe, but in a way that’s different from their Amazon cousins.
Amazon is the undisputed king of retail, and it’s doing it better than any other retailer on the planet.
The company’s been expanding its footprint in the past couple of years, offering deals on physical items as well as online orders, and opening stores in more countries than anyone.
Its reach is growing exponentially, with nearly 500 million physical items available on its website in the U.S., and as many as 2 billion online, according to an estimate from data company IHS.
While Amazon is expanding, it’s also slowly but surely losing ground in the retail space.
Wholesale sales for physical goods, as well like shipping and packaging, are down for the year as well.
In 2016, Amazon saw sales of more than $9 billion in the US, and $4.6 billion worldwide, according the company’s most recent earnings report.
However, its physical retail business has shrunk to just over half its current level.
As a result, Glass jewelry sales have declined steadily for the past year.
What’s next?
Glass jewelry is a relatively new phenomenon, and its growing popularity is only growing.
So, Amazon’s move is probably just a natural progression of the company expanding its presence in the marketplace, especially since the online retail giant is expected to report a whopping $9.7 billion revenue in 2020.
But with a growing catalog of physical goods and online orders that are all vying for a slice of the pie, it could be Amazon’s time to strike.
If it doesn’t, you might want to consider buying a pair of Glass jewelry from one of the more established retail houses in the United States.
