Home / Knowledge / News / E-commerce / Mississippi has fastest growing SMBs selling in Amazon

Mississippi has fastest growing SMBs selling in Amazon

10
May '19
Pic: Amazon
Pic: Amazon
Mississippi is the state with the fastest growing small and medium-sized businesses (SMBs) selling in Amazon stores. Mississippi is followed by Nebraska, Maine, Texas, and Indiana. The names of the top ten states with the fastest-growing SMBs selling in Amazon’s stores have been announced by Amazon after examining sales growth data from 50 states.

The report examined year-over-year sales growth of businesses selling in Amazon’s stores across all 50 states

Third-party gross physical merchandise sales – primarily comprising SMBs selling in Amazon stores – surpassed $160 billion in 2018 and make up more than half of the units sold in Amazon’s stores.

“We’re thrilled to see so many small businesses in states with large rural populations like Mississippi, Maine, Vermont, and North Dakota growing their sales fastest in our stores,” said Nick Denissen, VP at Amazon. “Online selling enables rural businesses to complement their offline sales in physical stores by reaching customers they wouldn’t otherwise have access to as easily. Research shows that increased adoption of online tools and digital services could grow annual revenues of rural small businesses by 21 per cent over the next three years and create 360,000 jobs in rural communities. Amazon continues to invest billions of dollars to develop tools and services that help small businesses reach new customers.”

The top 10 states with the fastest-growing SMBs are Mississippi, Nebraska, Maine, Texas, Indiana, Colorado, North Dakota, Vermont, Wisconsin, and Missouri. A recent study conducted with the US Chamber of Commerce showed that nearly 20 per cent of rural small businesses in America generate at least 80 per cent of their revenue by selling their products and services online. The study also found that online tools and technology have the highest potential impact on rural small businesses with revenue under $100,000.

“Small businesses in rural America are significant contributors to the US economy. Access to digital tools allows rural small businesses to successfully start, scale and compete in a global economy – regardless of their size and location,” said Tim Day, senior vice president of C_TEC, the US Chamber’s Technology Engagement Centre.

“Since joining Amazon Handmade in 2015, my sales have doubled year-over-year,” said Casey Everett, owner of Hearth and Harrow based in Rockport, Maine. “Selling online has allowed me to create a business I love in a community that I love. With Amazon, I’m able to reach customers in Germany from my home-studio in Maine – it’s incredible.”

Small and medium-sized businesses selling in Amazon’s stores come from every state in the US, and more than 130 countries around the world. In 2018, more than 50,000 SMBs exceeded $500,000 in sales in Amazon’s stores worldwide, and nearly 200,000 surpassed $100,000 in sales. The number of SMBs eclipsing $1 million in sales in Amazon’s stores worldwide grew by 20 per cent last year.

To help small and medium-sized businesses thrive, Amazon last year created Amazon Storefronts, a store for customers to shop exclusively from US small and medium-sized businesses selling in Amazon’s stores. With Storefronts, customers can shop a curated collection of over one million products and deals from nearly 20,000 US small and medium-sized businesses, and learn more about profiled businesses through featured videos and stories. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Cotton prices drop in Brazilian market as buyers retract

Textiles | On 20th May 2019

Cotton prices drop in Brazilian market as buyers retract

Cotton trades were at a slow pace and prices dropped in the Brazilian ...

Trade between Eastern Europe, Vietnam hit $10.1 bn in 2018

Textiles | On 20th May 2019

Trade between Eastern Europe, Vietnam hit $10.1 bn in 2018

Despite Eastern European countries being an important export market...

Bangladesh apparel exports jump 12.59% in July-April 2019

Apparel/Garments | On 20th May 2019

Bangladesh apparel exports jump 12.59% in July-April 2019

Readymade garment exports from Bangladesh increased by 12.59 per cent ...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search