Ecommerce Giants Battle for Dominance Amidst Consumer Demands.
Amazon continues to dominate eCommerce sales with an estimated 48% of U.S. retail spend compared to Walmart's 7%. However, Walmart is focusing on taking a chunk of Amazon's share of digital sales, posting 27% growth in comparable eCommerce sales gains in Q1 2023. Walmart's omnichannel approach towards establishing a digital presence, starting with providing alcohol delivery through a partnership with Uber-owned Drizly, could account for its rise in online sales. Despite Walmart's efforts, it may take much more effort before it catches up to Amazon's significant eCommerce market share.
3 years ago•Source: PYMNTS.com
