Amazon.com Inc (AMZN.O) likely doubled its sales to become the biggest internet retailer in Mexico this year, helping to grow the country’s nascent e-commerce market by a third, according to a report by market research firm Euromonitor International.
The world’s largest online retailer will generate $502.2 million in Mexico sales this year compared with $243.9 million last year, the Euromonitor report said. Its findings were based on trade surveys, market studies and data research.
Online sales still account for slightly over 3 percent of all retail sales in Mexico, where shoppers fear credit . . .
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