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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPeople Now Spend More at Amazon Than at Walmart
Proof that the online future has arrived: The biggest e-commerce company outside China has unseated the biggest brick-and-mortar seller.SEATTLE Amazon has eclipsed Walmart to become the worlds largest retail seller outside China, according to corporate and industry data, a milestone in the shift from brick-and-mortar to online shopping that has changed how people buy everything from Teddy Grahams to teddy bears.
Propelled in part by surging demand during the pandemic, people spent more than $610 billion on Amazon over the 12 months ending in June, according to Wall Street estimates compiled by the financial research firm FactSet. Walmart on Tuesday posted sales of $566 billion for the 12 months ending in July.
Alibaba, the giant online Chinese retailer, is the worlds top seller. Neither Amazon nor Walmart is a dominant player in China.
In racing past Walmart, Amazon has dethroned one of the most successful and feared companies of recent decades. Walmart perfected a thriving big-box model of retailing that squeezed every possible penny out of its costs, which drove down prices and vanquished competitors.
https://www.nytimes.com/2021/08/17/technology/amazon-walmart.html
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People Now Spend More at Amazon Than at Walmart (Original Post)
Zorro
Aug 2021
OP
There are still many many Billions in being the second largest on the planet.
fescuerescue
Aug 2021
#5
I'd bet "sold by, fulfilled by Walmart" is still a lot bigger than "sold by, fulfilled by Amazon"
Klaralven
Aug 2021
#3
Because there is a 100% chance you will encounter a COVID positive person at a Wal*Mart!
TheBlackAdder
Aug 2021
#4
luv2fly
(2,475 posts)1. Karma's a bitch?
Walmart killed small mom and pop businesses all over America, so I hope they're feeling a little pain.
fescuerescue
(4,448 posts)5. There are still many many Billions in being the second largest on the planet.
lpbk2713
(42,750 posts)2. I don't think the Walton family is hurting.
I only use Amazon occasionally, and then I only purchase one item at a time.
By far most of my other shopping is done locally.
Klaralven
(7,510 posts)3. I'd bet "sold by, fulfilled by Walmart" is still a lot bigger than "sold by, fulfilled by Amazon"
Lots of Amazon's revenue is its storefront and fulfillment for third parties.
TheBlackAdder
(28,179 posts)4. Because there is a 100% chance you will encounter a COVID positive person at a Wal*Mart!
frazzled
(18,402 posts)6. Kind of out of the frying pan, into the fire
At least imho.
stillcool
(32,626 posts)7. not surprising
I still miss Main St.
Vinca
(50,249 posts)8. Guess where I pre-ordered Woodward's new book this morning?
I can't stand Bezos, but the site is really handy.