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Despite its thousands of superstores across the United States, Walmart could soon lose its status as the country’s biggest retailer to Amazon’s massive online shopping business, a new report projects.
The study, published by digital commerce service Edge by Ascential, predicts Amazon will surpass Walmart in its share of the overall U.S. retail market in just two years. The findings come despite a recent slowdown in the pandemic surge in ecommerce growth that led to Amazon’s first quarterly loss in seven years earlier this year.