Amazon Reportedly Outsold Walmart Last Year For The First Time

  • by:
  • Source: Forbes
  • 08/18/2021
Amazon Reportedly Outsold Walmart Last Year For The First Time
Walmart by Mike Mozart is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)

Topline

Amazon’s sales and those of third-party sellers on its platform eclipsed Walmart’s over the year ending in June, according to the New York Times, making the e-commerce giant the world’s largest retailer outside China for the first time.

Key Facts
 
  • Shoppers spent more than $610 billion on Amazon over the 12-month period, according to estimates of Wall Street data compiled by FactSet, while Walmart reported $566 billion in sales for about the same period Tuesday.
 
  • It’s the first time Walmart has been outsold since it became the country’s biggest retailer in 1990 when it passed up Sears in sales.
 
  • Amazon got a huge boost during the coronavirus pandemic, when stay-at-home orders and quarantines sent people online to buy products to be delivered to their door, with the total value of goods sold on its platform estimated to have increased by $200 million over the 12 months through June.
Walmart by Mike Mozart is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)

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