Posted on 02/06/2025 12:41:39 PM PST by dennisw
READ MORE: Walmart to cut hundreds of jobs and close North Carolina office
Walmart has long been the biggest retailer in the US, since it overtook Sears in 1993.
For the past 12 years, there has also been no other company - retail or otherwise - that pulled in more revenue.
But it is looking like it is set to be dethroned by Amazon on both counts, according to estimates by market analysts.
With America's, and the world's, obsession with shopping, it is perhaps no surprise that it is another retailer - rather than a technology giant - that has usurped Walmart in revenue.
When it announces earnings this afternoon (Thursday) for the October to December quarter, Amazon is expected to report revenue of $187 billion, CNBC reported.
That would surpass $180 billion Walmart is projected to report later this month - and mark a shift in the revenue rankings.
The key metric, which differs from sales, profits or market cap, is often used as shorthand to determine the size of a retailer.
Walmart has held the top spot for quarterly revenue since 2012, when it leapfrogged oil giant Exxon Mobil, according to financial markets data company LSEG.
While Walmart is still dominant when it comes to retail, Amazon also generates revenue through other streams such as Prime Video and its cloud computing service.
'Given the growth trajectories of the two companies, it has always been on the cards that Amazon would overtake Walmart's revenue at some point,' retail expert Neil Saunders told DailyMail.com.
'While Amazon is a powerhouse in retail, it is a diversified group that draws its sales from a wide variety of areas.'
(Excerpt) Read more at dailymail.co.uk ...
Wait until POTUS eliminates the “de minimis exemption” for chyna items and we’ll see how amazon fares.
Amazon Fresh Groceries
Wow. Ok, I guess I gotta check that out. Thank you!
Unfortunately, there are no stores that use Amazon Fresh within 50 miles of my location.
I think this is a bit deceptive. Amazon biggest revenue source is AWS, Amazon’s cloud service.
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You are correct about AWS making this article semi-deceptive. For at least 10 years I have read that AWS is profitable while the rest of Amazon is not. Here is the AI breakdown>>>>
Amazon’s expected Q4 2024 revenue of $187 billion does include contributions from Amazon Web Services (AWS). The company’s total revenue figure comprises three main segments:
North America ($115.6 billion)
International ($43.4 billion)
AWS ($28.8 billion)
Yes and company
Yes so many have been bought out or drove out of the business all in the the names of control and gouging.
I haven’t ever found any deals worth buying from Amazon I can find better pricing in local areas and no shipping.
Walmart has become Amazon. I “belong” to walmart and they deliver what ever I need to my front door for free.
Amazon robbed me of $562 and then would not accept responsibility for their lax security. I am convinced it was an inside job
I don’t blame you. AmaZonk left a very bad taste in your mouth
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