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Amazon’s worth is now more than top 8 brick-and-mortar retailers combined

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According to Credit Suisse analysts led by Eugene Klerk, with a current market cap of $390 billion, is now worth more than the top eight traditional brick-and-mortar retailers combined.

The note by the analysts’ goes on to say that the Seattle-based retail giant is worth more than , Macy’s, , , , , Kohl’s and .

According to JP Mangalindan, senior correspondent for Yahoo Finance, the data is not surprising  given the rapid transition over the last 20 years away from shopping in physical retail stores in lieu of online shopping, where retailers like Amazon can offer lower pricing on products and services because they don’t have to offset the costs of also paying for physical stores.