While Walmart has been around for a few years more than Amazon, the two companies have recently started to compete over the leading position. Until last year, the positions were clear – Walmart was dominating the brick and mortar space, while Amazon had the power in the digital sphere. However, in its Annual 2020 report, Walmart showed progress.
In the latest 2020 Q2 earnings report, Amazon’s sales increased around 40% compared to the same period of 2019. Understandably such an increase has happened mainly due to the pandemic. Walmart’s revenue also rose during this period, but they are also scoring a 5.65% increase year-over-year.
You can read more in my post: https://www.price2spy.com/blog/walmart-vs-amazon-the-battle-for-the-ecommerce-market/
What do you think, who is winning this race?