Amazon represents a low single-digit percentage of the global retail market, with much larger retailers in every country where it operates.
Mostly true True in substance, wrong in a detail.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judge as of April 2019, using Amazon's retail sales against estimates of total global retail sales for 2018. True: Amazon's share of global retail is a low single-digit percentage (below ~4%), and in each major country where Amazon operates there are retailers with larger total retail sales. Mostly true: the share is below ~5%, or the share is low single-digit and larger retailers exist in nearly all of its countries, with an exception in a minor market. Mixed: only one of the two parts holds (for example a low share overall, but Amazon is the largest retailer in a major market such as the US). Mostly false: the share is around 5%–9%, or Amazon was the largest retailer in several major markets where it operated. False: the share is 10% or more, or Amazon was the dominant retailer in most of its markets.
Set before the research began.
Evidence (4)
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E1 As 3rd-party sellers take over, Amazon's own market share loses 10 points Retail Dive · 14 June 2019
“While its share of U.S. e-commerce may reach 37.7% this quarter by eMarketer's measure, its share of retail sales overall will hit just 4%, according to that report.”
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E2 Total Retail Sales Worldwide, 2016-2021 (trillions and % change) EMARKETER · 1 January 2018
“Retail sales worldwide reached nearly $24 trillion in 2018.”
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E3 Top Retail Companies in the world by Market Share: Ranking the Ten Biggest Retail Insight Network · 8 March 2019
“Amazon.com’s revenues increased by 31% to $232bn in 2018, due to strong sales growth in all of its segments including International, North America, and AWS.”
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E4 Top Retail Companies in the world by Market Share: Ranking the Ten Biggest Retail Insight Network · 8 March 2019
“Walmart reported a 2.8% year-on-year increase in 2018 revenue, which reached $514bn, primarily driven by US e-commerce sales.”
Reasoning
E3 puts Amazon's total 2018 revenue at $232bn, and that figure includes AWS, so its retail sales were lower still. E2 puts 2018 worldwide retail sales at nearly $24 trillion, which gives Amazon a global share of about 1% or less, well inside the low-single-digit range. E4 shows Walmart's 2018 revenue of $514bn was more than double Amazon's, and E1 cites eMarketer putting Amazon at only about 4% of total U.S. retail sales. The evidence does not compare retailers country by country, so the part about larger rivals in every market is only partly supported, which rules out a full true verdict.
Cite this claim
Jeff Bezos, “Amazon represents a low single-digit percentage of the global retail market, with much larger retailers in every country where it operates.” (said April 2019). Verdict: mostly true. Reliability API, claim c_fde48f08c015, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_fde48f08c015
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Jeff Bezos
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Mixed
“But we did get a couple of life saving drugs.”
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Mostly true
“It’s a perfect example that all of that fiber, fiber optic cable that got laid and by the way, the companies who laid all that cable went out of business.”
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Resolved true
“Amazon stock in a very short period of time went from $113 a share to $6 a share.”
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Mostly true
“More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60% of our retail sales.”
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Resolved true
“Our net income in 2020 was $21.3 billion.”
Verdicts are made automatically; how verdicts are made.