Walmart remains the largest U.S. retailer, Amazon a distant second
11 Jul 2019
Walmart often is seen as losing out to Amazon, especially in terms of share price and broad subscriber base. But there’s one metric where Walmart still commands a large lead over Amazon — sales revenue. A recent STORES Magazine Top Retailers list put Walmart in the No. 1 spot with $387.66 billion in annual U.S. sales and 5,263 stores.
Amazon, with some 100 million Prime subscribers, ranks second with revenue totaling $120.93 billion, and roughly 490 stores in the U.S., most of which are Amazon’s Whole Foods locations. Kantar, which compiled the report, notes Amazon is easily the most disruptive and influential force in the U.S. retail industry, but it’s still nowhere in Walmart’s league when it comes to store locations and sales revenue.
Kantar estimates brick-and-mortar still accounts for about 90 percent of total retail sales in the U.S., but e-commerce is growing at a much faster clip as many categories such as apparel and pet products have already shifted toward much larger online sales. While Amazon is believed to be most disruptive to the growth of Walmart.com sales for general merchandise, the explosion of online grocery is being led by Walmart through its online pickup service, which is now available in more than 2,500 store locations. Walmart is rolling the program out to 100 stores each week through the rest of the year, with a final goal of 3,300 stores offering the service.