Here Is More Proof Amazon Is Crushing the Retail Space

There's new evidence showing Amazon's (AMZN) - Get Report scope and strength. According to Kantar, as reported in The Wall Street Journal, only 22 million households have never made purchases on Amazon in 2016. "What's remarkable is how Amazon now owns all of retail in America," said David Bach, co-founder of AE Wealth Management, referring to Amazon's ability to remind consumers to shop and entice them to spend more than they had planned. Amazon shares are up 14% in 2016.