Walmart's E-Commerce Sales Eclipse eBay's for the First Time

Walmart (NYSE: WMT) has added another e-commerce trophy to its growing list of accolades: The big-box retailer has surpassed online pioneer eBay (NASDAQ: EBAY) for a share of e-commerce sales in the U.S. for the first time in May 2020, according to eMarketer.

eBay has long trailed digital sales leader Amazon.com (NASDAQ: AMZN), which accounts for 38% of online shopping in the country. Walmart has now moved into the No. 2 spot with 5.8% of digital retail, while eBay slipped into third with 4.5%.

Image source: Getty Images.

Continue reading

Source Fool.com