Dive Brief:
As e-commerce expands at a blazing clip, Amazon is on track to pass Walmart as the largest U.S. retailer by 2025, according to Retail Insight, the research arm of Edge by Ascential.
The firm predicts Amazon s gross merchandise value sales, buoyed by its third-party marketplace, will hit $631.6 billion in four years as total online sales in the U.S. hit an estimated $1 trillion by 2025, Edge by Ascential said in a press release.
During that time, the firm estimates Walmart s domestic sales will grow at an annual rate of 3.9%, hitting $523.3 billion by 2025.
Dive Insight:
While Amazon s growth hit an explosive pace throughout the past decade, you could be forgiven for forgetting the elephant in the room, one that for years has sat at the top of Fortune s list of largest companies in the world by revenue.
Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.
By 2025, U.S. shoppers will buy $632 billion worth of products at Amazon and retail affiliates including Whole Foods Market, surpassing Walmart’s $523 billion, according to the report by Edge by Ascential, which measured the value of all goods sold by each company online and in stores with the exception of gasoline. Edge by Ascential helps brands sell products online and in stores.
FAIRFIELD-SUISUN, CALIFORNIA
Packages passed down a conveyor belt before receiving a shipping label at Amazon in Shakopee, Minn. (Anthony Souffle/Minneapolis Star Tribune/TNS)
Amazon to pass Walmart in US retail sales in 2025, report says
Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.
By 2025, U.S. shoppers will buy $632 billion worth of products at Amazon and retail afflilites including Whole Foods Market, surpassing Walmart’s $523 billion, according to the report by Edge by Ascential, which measured the value of all goods sold by each company online and in stores with the exception of gasoline. Edge by Ascential helps brands sell products online and in stores.
In four years, U.S. shoppers will buy $632 billion worth of products at Amazon and retail affiliates including Whole Foods Market, surpassing Walmart’s $523 billion, according to the report