Sector Focus 

Packaging's big problem

Packaging's big problem

Every year, retail hits its most feverish point around Black Friday and Cyber Monday, when a gamut of heavy product discounts and US megastore riots remind us of the horrors of unbridled modern capitalism. There were 1.39bn online retail visits in the UK during the seven days that have been dubbed Cyber Week between 19 and 25 November 2018 last year, according to insights agency Hitwise. The period saw Amazon’s (US:AMZN) share of the UK retail industry grow 3 per cent year on year to 26 per cent in 2018, placing it far ahead of the likes of Argos, eBay and John Lewis, its next biggest competitors. The story was similar for the rest of Amazon’s year. The retail giant’s total online net sales increased nearly 14 per cent between 2017 and 2018 to just shy of $123m (£96m), making up over half of its overall net income.

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