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Amazon Beats Walmart As World's Largest Retailer Outside Of China
Posted
August 31, 2021
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August 31, 2021
24
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1:04Now PlayingAmazon has passed Walmart to become the new King of Retail! Check out the video to learn more!
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Prime subscribers have made Walmart the largest retailer in the world outside of China. While Walmart has struggled to keep up with Amazon’s ecommerce, Walmart continues to dominate physical retail.
The pandemic accelerated the transition to online shopping but Amazon has officially surpassed Walmart in sales this year. Walmart is attempting to compete with Amazon digitally but only 5% of its sales are from ecommerce.
But this doesn’t mean the end of physical stores. In fact, Amazon just announced its plans to open up their own department stores in Ohio. Yeah, you heard that right: Amazon Department Stores.
Amazon is everywhere: cloud computing (Amazon Web Services), retail, grocery stores (Whole Foods) and are currently attempting to buy a movie studio, MGM.
Amazon’s growth is definitely one for the record books. So much so that they will continue to be a hot button political issue around regulation in Washington DC for many years to come.
What do you think Amazon will do next? Let us know in the comments below!
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