5 Biggest Discount Store Companies in the World

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Market cap: $960B

Amazon (NASDAQ:AMZN) has spent the past two years in hyperdrive, expanding its network and hiring over 800,000 workers in an all-out effort to meet the skyrocketing demand from isolated customers. It has been done to meet the rising expectations of Amazon’s (NASDAQ:AMZN) shareholders. After the pandemic, annual sales of Amazon (NASDAQ:AMZN) increased by around 70%, reaching $470 billion in 2022.

Amazon’s (NASDAQ:AMZN) physical stores continue to hold a dominant position in the retail industry. They still account for 60%-70%% of all retail sales. The JWO technology developed by Amazon makes online buying easier and more convenient.

According to the information provided on Amazon’s (NASDAQ:AMZN) website, the company currently has 96 traditional retail locations and seven temporary stores within shopping malls under its own brand. Amazon (NASDAQ:AMZN) is therefore, one of the world’s leading discount retail stores companies presently.

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