Jason Benowitz Featured in Reuters “Analysis: Amazon has a Prime edge over Walmart: richer customers”
Published on July 29, 2022
“Amazon delivers a significant amount of its total gross merchandise volume via third-party sellers,” said Jason Benowitz, senior portfolio manager at The Roosevelt Investment Group.
“In this business, Amazon collects fees for third-party seller services that we believe are less dependent on the nature of the items sold,” Benowitz said.
This also insulates Amazon from changes in consumer spending patterns and may have had a lesser impact on profitability compared to Walmart or other traditional retailers, he added.
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