Amazon to overtake Walmart as biggest U.S. retailer in next few years, states new report
The dramatic shift of retail to the online environment will result in Amazon passing Walmart to become the largest retailer in the U.S. — adding more than $294 billion in U.S. sales between 2021 and 2026, according to a report released Wednesday. It’s just the latest sign for marketers of what’s ahead for the retailers they serve.
Edge By Ascential’s annual 2022 United States Retail Landscape and Go-to-Market Planning Report predicts online will account for more than 30% of the U.S. chain retail sales by 2026, and Amazon will take 14.9% U.S. retail market share by that year, reports MediaPost.
Walmart will take 12.7% in retail sales by 2026, and Costco will rise from 3.8% in 2021 to 4.4%, becoming the top second and third U.S. retailers that year.
Home Depot will become the fourth-largest retailer in the U.S., with a market share increase from 3.7% in 2021 to 3.9% by 2026.
In 2021, the top-five U.S. retailers were Walmart, Amazon, Kroger, Costco and The Home Depot.
Online grocery sales will add $34.7 billion in U.S. sales between 2021 and 2026. In 2021, online edible grocery sales in the U.S. reached $54.8 billion, up 117% from 2019.
Online edible grocery in the U.S. in 2021 stood at 6.5%, with about 50% of that attributed to Walmart, Target, Kroger and Costco — all of which accelerated their edible grocery ecommerce presence and capability during the pandemic years.
More here.
