Amazon Set To Overtake Tesco As UK's Largest Retailer

2nd June 2021
Amazon is on track to overtake Tesco as the UK’s largest retailer within the next four years, with its gross merchandise value (GMV) sales expected to reach £77.1bn by 2025, according to a new report forecasting the future performance of key retailers.
The study by Edge by Ascential’s research arm, Edge Retail Insight, shows Amazon’s total sales (incl. marketplace) in the UK were £36.3bn in 2020, compared to Tesco’s £64bn. By 2025, Edge predicts that Tesco’s total sales will rise to £76.1bn, representing CAGR growth of 3.5%, but just behind the US online giant.
Amazon is expected to account for a third of all UK chain retail sales added between 2020 and 2025, with compound annual sales growth (CAGR) of 16.3% for the five-year period. The e-commerce giant is also forecast to account for 15% of UK chain retail sales in 2025, up from 9.1% in 2020.

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