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Amazon to overtake Tesco as Britain s biggest retailer by 2025
The e-commerce powerhouse launched Amazon.co.uk in 1998, while Tesco started life in 1919
Amazon opened its first Fresh grocery store outside the US in Earling in March
Amazon is poised to snatch Tesco’s crown as Britain s biggest retailer in 2025 as the online titan lays waste to swathes of Britain s high street.
The US e-commerce powerhouse is expected to push the FTSE 100 supermarket chain into second place as traditional retailers struggle to grow in a hyper-competitive market, according to a new study by data firm Edge by Ascential which confirms its dominance of British shopping.
2nd June 2021
Amazon is on track to overtake Tesco as the UKâs 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 Ascentialâs research arm, Edge Retail Insight, shows Amazon’s total sales (incl. marketplace) in the UK were £36.3bn in 2020, compared to Tescoâs £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.