Biggest losers in e “competition” are retail ecommerce sites, according to the annual report from ecommerce consulting firm E-Commerce Consulting.
The study found that retailers have lost nearly $3.2 billion over the past three years as ecommerce has become more and more prevalent.
The company says that losses to retail eCommerce sites have increased from $1.5 billion in 2013 to $2.5 bn in 2016.
The biggest losers have been smaller, local, and independent retailers.
E-commerce platforms like Amazon, eBay, and Walmart have lost a combined $4.2 bn.
Amazon lost $1 billion in 2017 alone.
The top 10 ecommerce companies lost $3bn last year alone.
Ecommerce is growing at a rapid pace, with more than 400 million transactions each day.
Amazon, which is also the most popular ecommerce platform in the U.S., was the third most popular retailer in 2017 with more then $3 trillion in sales.
However, the company has been struggling with growth.
Amazon reported that it had a $1 trillion market cap last year and that the company’s quarterly profit dropped $4 billion in the second quarter.
The ecommerce company also reported that its annual revenue fell $500 million from last year.
Other ecommerce platforms, like Etsy and Shopify, have also been struggling.
Etsy lost $5.3 bn last year, and Shop, which offers ecommerce services, has lost $2 bt.
The E-Business Conference, a trade show that is held every two years, is scheduled to be held on October 19-21 in Indianapolis.