The Gap Between Wal-Mart and Amazon Is Still Getting Bigger
Wal-Mart Stores (NYSE: WMT) has seen tremendous growth in its e-commerce sales so far in 2017. Its first-quarter e-commerce sales grew 63%, followed by 60% year-over-year growth in the second quarter. Gross merchandise volume is growing even faster as Wal-Mart brings in more third-party merchants to its online marketplace.
But Amazon (NASDAQ: AMZN) continues to dominate online commerce. A new report from eMarketer indicates Amazon could take 43.5% of the U.S. e-commerce market this year, up from 38.1% last year, as reported by Recode. Meanwhile, eMarketer expects Wal-Mart's market share to grow from 2.8% to 3.6%.
Despite Wal-Mart's efforts and expectations for continued rapid growth in e-commerce sales, the gap between it and Amazon will likely continue to expand for the foreseeable future.
Source: Fool.com
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