- June 20, 2021
- Posted by: Stratford Team
- Category: Business
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Walmart is on the brink of losing its title as the nation’s largest retailer. E-commerce giant Amazon – which prevailed over the competition in 2020 – is on its heels.
Based off current estimates, Amazon – whose share of U.S. e-commerce increased to 39% in 2020 – “should surpass” Walmart as the largest U.S retailer as soon as next year, JP Morgan analysts projected in a research note.
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Ticker Security Last Change Change %AMZN AMAZON.COM, INC. 3,486.90 -2.34 -0.07%WMT WALMART, INC. 135.17 -2.55 -1.85%
Overall, pandemic, which accelerated the rise of online shopping, “pulled forward 3 years of e-commerce growth,” according to analysts.
“The dramatic growth of e-commerce over the past 18 months has accelerated Amazon’s rise to dominance, and even the largest traditional retailer may soon fall behind,” the major bank told FX Empire in a statement.
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