Amazon close to catching Walmart in US sales
Amazon may be considerably behind Walmart when it comes to U.S. sales, but the e-commerce behemoth’s rapid pace of growth means that the company will be on par with Walmart in terms of domestic sales by 2020-2021, according to a JPMorgan Chase analyst.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 173.67 | -2.92 | -1.65% |
| WMT | WALMART INC. | 60.21 | +0.34 | +0.57% |
In 2017, Walmart had U.S. sales of $318.5 billion, up 3.5% year-over-year, whereas Amazon reported $186 billion in U.S. gross merchandise volume last year, up 31% year-over-year.
Amazon’s growth will come from, “the prime ecosystem; endless aisle driven by third-party seller expansion; outsized growth in large, unpenetrated categories, and removing friction and moving closer to customers.”
Walmart declined to comment to FOX Business about its growth.
