December 7th, 2012
08:06 PM ET

"It's the 800-pound gorilla in the room," Amazon takes aim at traditional retailers

The latest jobs numbers is providing some needed good news for the holidays, with many retailers continuing to add seasonal workers.

But here's the rub, there is a monster competitor, that is threatening  to devour a massive number of those retailers - Amazon.com. Online shopping continues to explode under Amazon - with its sales growing from 20% to 30% a year.

CNN's Tom Foreman takes a look at the extraordinary rise of Amazon.

Filed under: News
soundoff (No Responses)

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.