2 Areas Walmart's $50 Billion E-Commerce Business Is Taking on Amazon
Walmart (NYSE: WMT) has been investing aggressively in e-commerce. In fact, nearly three-quarters of the company's net sales growth came from its online operations last year. Management expects the digital platform to account for more than half of its total top-line growth in fiscal 2021.
All told, management expects e-commerce to reach $50 billion in global net sales over the next 12 months. That's quickly approaching 10% of the company's total sales.
By comparison, Amazon (NASDAQ: AMZN) just reported 2019 online sales of $141 billion, in addition to $54 billion in third-party seller services and $35 billion in subscription services. Its advertising business also added another $10 billion or so. Add them all up -- and even with conservative growth expectations for this year -- Amazon's still more than five times the size of Walmart's massive e-commerce business.
Source Fool.com
