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JP Morgan: Amazon To Match Walmart In US Sales By 2021

1 month ago   |   By Android Headlines

Analysts with JP Morgan are saying that e-commerce giant Amazon's total sales in the United States are set to match or surpass Walmart's stateside figures by 2021, if not earlier. That is no small target, to be sure; Walmart's net sales in the US for the 2017 fiscal year total up to about $318.5 billion, a figure that represents roughly 3.5-percent growth year-on-year. Amazon, meanwhile, managed to sell about $186 billion in 2017, versus $141 billion in 2016. Despite Amazon's revenue figures being barely more than half of its larger American rival for now, the analysts say that the massive...
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