Amazon.com, Inc. (NASDAQ:AMZN) Now Valued More Than 10-Other Retailers Combined

Amazon.com, Inc.’s (NASDAQ:AMZN) market value of $385 billion means it is worth more than 10 well-known retailers combined. While it might come as a surprise to many, it all but points out the disruptive impact the company has had in the retail space, as it remains the go-to place for everything online.

Amazon’s Market Cap

Some of the retailers that are paying the price for the e-commerce juggernaut dominance include Target Corporation (NYSE:TGT), Gap Inc (NYSE:GPS), Macy’s Inc ( ) Kohl’s Corporation (NYSE:KSS), and Best Buy Co Inc (NYSE:BBY). A further testament to Amazon’s sheer size is the fact that its market cap is about $155 billion more than that of Alibaba Group Holding Ltd (NYSE:BABA). The nation’s largest brick and mortar store Walmart also lags behind the e-commerce giant by $179 billion when it comes to market value.

Even as traditional retailers try to up their game in a bid to rival Amazon, their efforts continue to fall to nothing as most of them continue to grapple with disappointing sales. J C Penney Company Inc (NYSE:JCP) and Macy’s have already posted disappointing quarterly results even as the e-commerce giant reported that it had a record holiday season in terms of sales.

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“Brands like Macy’s, Sears, and Kmart are struggling to evolve their brands and stay relevant for today’s digitally-savvy and dynamic shopper, “said retail analyst Brendan Witcher.

Amazon Continued Dominance

Consumer switching their focus to online shopping has been the biggest undoing to traditional brick and mortar stores. While most of them are doing their best to embrace online shopping, they continue to crumble under competition from Amazon, which has already locked in a substantial amount of market share.

On one hand investors are acknowledging Amazon dominance on the other they appear to be punishing other retailers, which have seen their stocks, underperform the market. The stocks could continue to edge lower as investors remain skeptical of the competing retailer’s abilities to remain relevant.

Amazon dominance of the retail space is poised to continue having made huge investments in bolstering its e-commerce portal as well as logistics network.

Amazon stock was up by $15.54 in Friday trading session, closing the week at highs of $795.99 a share.