Walmart, the world’s largest retailer, has regained its position as the leading e-commerce company in the US, surpassing Amazon for the first time in over a decade. The retail giant’s resurgence is attributed to several key factors, including its expansion into fresh grocery sales and enhanced e-commerce capabilities.
In 2022, Walmart reported a significant increase in same-store sales, driven by its growth in online grocery shopping. This marked a major turnaround from previous years, when Amazon had been gaining ground on Walmart in the US market. The company’s efforts to invest in its e-commerce platform, improve its supply chain, and expand its store presence have paid off.
According to recent data, Walmart now accounts for over 50% of the US grocery market share, while Amazon trails behind at around 30%. This shift in market share is a major blow to Amazon’s dominance, which has been under threat from competitors such as Walmart and Target.
Walmart’s comeback is also seen as a significant challenge to Amazon’s leadership in the e-commerce space. The company’s efforts to expand its grocery sales have not only helped it regain its position in the US market but also set a new standard for online grocery shopping. As consumers increasingly turn to online channels for their grocery needs, Walmart’s dominance in this area is likely to continue.
However, Amazon is not out of the running yet. The company remains committed to its e-commerce strategy and continues to invest heavily in its platform and logistics capabilities. Despite the setback, Amazon is expected to remain a major player in the US retail market for years to come.
Source: https://www.ft.com/content/13e6ba39-8ef8-4ac1-9079-d8e7ec53d3c2