A Walmart sign at a store in Hialeah Gardens, Fla., is pictured on June 1, 2017. Amazon is still by far the leader in e-commerce, but Walmart and other historically brick-and-mortar companies are vying for market share.
Alan Diaz, Associated Press
The Washington Post reports inflation hit 9.2% in March, a 40-year high for the nation. While this has caused online prices to increase, it has also contributed to growth in the market as more consumers look online for savings, according to Barron’s.
Amazon is still by far the leader in e-commerce, but Walmart and other historically brick-and-mortar companies are vying for market share.
As of October 2021, Amazon has 40.4% of the e-commerce market share, while Walmart owns 7.1%, as shown in a recent JungleScout report. Amazon ships to more third-party sites worldwide, Prime memberships dwarf Walmart+ subscribers (112 million vs 8.2 million) and Amazon ships to more than four times the countries.
However, the gap between Amazon and Walmart’s online revenue shrinks every year. According to Forbes, “in the three years from 2019 to 2021, Walmart.com’s revenue tripled, while Amazon’s grew approximately 35%.”
Walmart’s approach to online retail has been evolving for years, but new corporate changes and a focus on innovative technology are expected to carry that momentum forward.
E-commerce sales are projected to grow by 50% in the next three years, according to Statista. In 2025, sales could reach $7.4 trillion. As the market grows and competitors clamor for share, consumers may win with same-day shipping and lower costs, though they might need to invest in more subscription services.
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