People Now Spend More at Amazon Than at Walmart

[Zorro]

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 world’s 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 world’s 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

[luv2fly]

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]

5. There are still many many Billions in being the second largest on the planet.

[lpbk2713]

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]

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]

4. Because there is a 100% chance you will encounter a COVID positive person at a Wal*Mart!

[frazzled]

6. Kind of out of the frying pan, into the fire

At least imho.

[stillcool]

7. not surprising

I still miss Main St.

[Vinca]

8. Guess where I pre-ordered Woodward's new book this morning?

I can't stand Bezos, but the site is really handy.