Amazon is slated to overtake Walmart as the largest retailer in the US

Amazon is slated to overtake Walmart as the largest retailer in the US
insider@insider.com (Áine Cain)
© Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
Amazon will soon beat out Walmart as the largest retailer in the US, according to a new report.
Edge by Ascential also found that e-commerce will account for 29% of US retail chain sales by 2025.
Kroger is slated to hold on to the third-place spot, in terms of retailers.
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A study from Edge by Ascential calculated that Amazon's gross market value will reach $631.6 billion by 2025, a compound annual growth rate (CAGR) of 14% between 2020 and 2025. That means that the digitally native powerhouse is set to eclipse Walmart as the largest retailer in the United States. Walmart's gross market value is slated to rise to $523.3 billion by 2025, a CAGR of 3.9%.

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