Amazon Is About to Dethrone Walmart in a Major Way
Walmart (NYSE: WMT) has been the biggest company in the U.S. by revenue for close to two decades and the biggest company in the world by revenue for much of that time as well.
The retail giant has risen to supremacy by adopting an everyday, low-prices strategy; by carrying a wider range of products than almost any other brick-and-mortar retailer; and by blanketing the country with superstores. It's followed a similar strategy internationally but with mixed results.
Walmart's revenue is set to clock in around $550 billion this year -- tops in the world by a wide margin. But Amazon (NASDAQ: AMZN) is nipping at its heels in one key category. The e-commerce leader is expected to surpass Walmart in U.S. gross merchandise volume (GMV) by next year, according to Evercore ISI, which forecasts Amazon to reach $415 billion GMV next year, ahead of Walmart at $370 billion, though that does not include sales from Sam's Club.
Source Fool.com
