Report: Amazon's growth could outpace Walmart's in 2022

2021-06-14

On its current growth curve, Amazon is poised to outpace top US retailer Walmart based on gross merchandise volume by next year, according to new research from JPMorgan. Amazon grew its e-commerce market share from 24% in 2014 to an estimated 39% last year, with 2020's sales fueled by a pandemic-related surge in online shopping, the report found.

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