Global sales made by Amazon now exceed Walmart’s, according to analyst estimates compiled by research firm FactSet and reported by The New York Times. Total sales on the Amazon platform are estimates, because Amazon reports only the fees on its third-party sales, not the gross sales. Those estimates were at $610 billion sold by Amazon in the 12-month period ending in June, while Walmart reported sales of $566 billion in the 12-month period ending in July.
The Covid pandemic turbocharged Amazon’s growth, while providing Walmart much more modest gains. Amazon grew at a 41% rate last year, while Walmart grew at a 10% rate. Walmart’s sales in the U.S. still exceed Amazon’s, but that’s expected to flip next year (see “Amazon Likely to Pass Walmart in U.S. Sales Next Year“).
In global sales, both Amazon and Walmart trail Chinese online retailer Alibaba.
Source: ICv2
