Tuesday, April 28, 2015

Amazon Business Aims for $1 Trillion Corporate-Spending Market - Bloomberg Business

Also see Amazon Expands Business-Sales Marketplace After Three Years (WSJ)

"The Web retailer unveiled Amazon Business on Tuesday, a new marketplace offering tractor parts, latex gloves, paper clips and millions of other products needed in factories, hospitals, schools and offices.
Amazon, which has amassed 278 million active shoppers, is now aiming for a chunk of the $1 trillion that U.S. companies spend annually in business-to-business purchases, a market where Costco Wholesale Corp., Staples Inc. and others have long been active. Amazon Business is likely to step up competition with rival marketplace EBay Inc., which will soon be fending for itself as a standalone company once it spins off faster-growing PayPal as part of a planned split."
Amazon Business Aims for $1 Trillion Corporate-Spending Market - Bloomberg Business
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