Amazon (AMZN) Now Has A Market Cap Bigger Than 8 Rivals Combined
Author By Sophia VidaPosted on Amazon.com has been on a rampage in the last year and has grown its market cap to $390 billion. In a Credit Suisse analysts note led by Eugene Klerk, it has been revealed that this market cap is now bigger than the top eight traditional brick-and-mortar retailers combined.
These retailers are Macys (M), Best Buy (BBY), Target (TGT), JCPenney (JCP), Nordstrom (JWN), Walmart (WMT), Kohls (KSS), and Sears (SHLD).
This is pretty impressive when you think that Amazon started in CEO Jeff Bezo’s garage back in 1994.
In the last 12 months shares of Amazon have gained 36%.
Disclaimer: We have no position in any of the companies mentioned in this article and have not been compensated for this article.
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